H. R. 1253 aims to modify the Internal Revenue Code of 1986 by introducing a tax on the sale of electric vehicles and batteries in the United States. The bill proposes a tax of $1,000 on each electric vehicle and $550 on each battery module over 1,000 pounds sold by...
Simple Explanation
H. R. 1253 is a plan to make car and battery companies pay extra money ($1,000 for electric cars and $550 for big batteries) when they sell these items, and this money will help fix roads.