Search Results: keywords:"elite vehicles act"

  • S. 4237 — To amend the Internal Revenue Code of 1986 to repeal the credit for new clean vehicles, and for other purposes.
    Status:Introduced in Senate
    Words:1,262

    S. 4237, also known as the "Eliminate Lavish Incentives To Electric Vehicles Act" or the "ELITE Vehicles Act," aims to remove tax credits related to clean vehicles from the Internal Revenue Code of 1986. This bill proposes to repeal the tax credit for new and previously-owned...

    Simple Explanation

    S. 4237, also called the "ELITE Vehicles Act," is a proposal to stop giving money back to people and companies when they buy electric cars or charging stations, which might make people less likely to choose cars that are better for the environment.

  • H. R. 1367 — To amend the Internal Revenue Code of 1986 to repeal the credit for new clean vehicles, and for other purposes.
    Status:Introduced in House
    Words:1,235

    H. R. 1367, known as the "Eliminate Lavish Incentives To Electric Vehicles Act" or the "ELITE Vehicles Act," proposes changes to the Internal Revenue Code of 1986 by removing tax credits for different types of clean vehicles. This includes repealing credits for new,...

    Simple Explanation

    The ELITE Vehicles Act is a plan to stop giving people extra money back from taxes when they buy new electric cars or build places to charge them, which might make fewer people want to use clean cars.