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Search Results: keywords:"section 30d"

  • H.R. 2566, introduced in the House of Representatives on April 1, 2025, aims to amend the Internal Revenue Code of 1986 by repealing the clean vehicle credit. This legislation, titled the “End Taxpayer Subsidies for Electric Vehicles Act,” seeks to eliminate section 30D of the tax code, which...

    Simple Explanation

    H.R. 2566 is a plan to stop giving tax money to help people buy cleaner cars. If this happens, it might make it harder for people to buy cars that are better for the Earth.

  • S. 1229 proposes to change the Internal Revenue Code by removing the clean vehicle credit, which currently offers financial benefits for purchasing electric vehicles. The bill, introduced in the Senate by Mr. Paul, aims to end these subsidies by amending several sections of...

    Simple Explanation

    Congress is thinking about stopping a money helper called the "clean vehicle credit" that helps people buy electric cars, which might make these cars cost more. This change would apply to cars bought after the new rule is passed.