H.R. 7904 proposes changes to the Internal Revenue Code to extend tax credits for clean vehicles to include the territories of the United States. The bill alters existing law to allow residents in U.S. territories to benefit from these credits, differing based on whether the...
Simple Explanation
H.R. 7904 is like a new rule to help people who live in U.S. territories buy eco-friendly cars. It makes sure they can get special money help, just like people who live in the states, but the territories get to choose how to give out this help.