S. 541

117 S541 IS: Eliminate Lavish Incentives To Electric Vehicles Act
 U.S. Senate
 2025-02-12
 text/xml
 EN
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 II  119th CONGRESS  1st Session  S. 541  IN THE SENATE OF THE UNITED STATES   February 12, 2025   Mr. Barrasso  (for himself,  Mr. Thune ,  Mr. Cotton ,  Mrs. Capito ,  Mr. Lankford ,  Ms. Lummis ,  Mr. Cramer ,  Mr. Sheehy ,  Mr. Ricketts ,  Ms. Ernst ,  Mr. Cassidy ,  Mr. Marshall ,  Mr. Tillis ,  Mr. Hoeven , and  Mr. Scott of Florida ) introduced the following bill; which was read twice and referred to the  Committee on Finance    A BILL
To amend the Internal Revenue Code of 1986 to repeal the credit for new clean vehicles, and for other purposes.
1.
Short title
This Act may be cited as the   Eliminate Lavish Incentives To Electric Vehicles Act   or the   ELITE Vehicles Act  .
2.
Repeal of clean vehicle credit
(a)
In general
Subpart B of part IV of subchapter A of  chapter 1  of the Internal Revenue Code of 1986 is amended by striking section 30D (and by striking the item relating to such section in the table of sections for such subpart).
(b)
Conforming amendments
(1)
 Section 30B(d)(3)  of the Internal Revenue Code of 1986 is amended by striking subparagraph (D).
(2)
Section 38(b) of such Code is amended by striking paragraph (30).
(3)
Section 179D(d) of such Code is amended—
(A)
in paragraph (3)(B)(ii), by striking  (as defined in section 30D(g)(9)) , and
(B)
by adding at the end the following new paragraph:
(6)
Indian tribal government
For purposes of this subsection, the term  Indian tribal government  means the recognized governing body of any Indian or Alaska Native tribe, band, nation, pueblo, village, community, component band, or component reservation, individually identified (including parenthetically) in the list published most recently as of the date of enactment of this paragraph pursuant to section 104 of the Federally Recognized Indian Tribe List Act of 1994 ( 25 U.S.C. 5131 ).
 .
(4)
Section 1016(a) of such Code is amended—
(A)
in paragraph (36), by adding  and  at the end,
(B)
by striking paragraph (37), and
(C)
by redesignating paragraph (38) as paragraph (37).
(5)
Section 6213(g)(2) of such Code is amended by striking subparagraph (T).
(6)
Section 6417(d)(1)(A)(iv) of such Code is amended by striking  section 30D(g)(9)  and inserting  section 179D(d)(6) .
(7)
Section 6501(m) of such Code is amended by striking  30D(f)(6), .
(8)
Section 166(b)(5)(A)(ii) of title 23, United States Code, is amended by inserting  , as in effect on the date of the enactment of the  ELITE Vehicles Act   after  section 30D(d)(1) of the Internal Revenue Code of 1986 .
(c)
Effective date
The amendments made by this section shall apply to vehicles purchased, or for which a written binding contract to purchase has been entered into, after the date which is 30 days after the date of enactment of this Act.
3.
Repeal of credit for previously-owned clean vehicles
(a)
In general
Subpart A of part IV of subchapter A of  chapter 1  of the Internal Revenue Code of 1986 is amended by striking section 25E (and by striking the item relating to such section in the table of sections for such subpart).
(b)
Conforming amendment
 Section 6213(g)(2)  of the Internal Revenue Code of 1986 is amended by striking subparagraph (U).
(c)
Effective date
The amendments made by this section shall apply to vehicles purchased, or for which a written binding contract to purchase has been entered into, after the date which is 30 days after the date of enactment of this Act.
4.
Repeal of credit for qualified commercial clean vehicles
(a)
In general
Subpart D of part IV of subchapter A of  chapter 1  of the Internal Revenue Code of 1986 is amended by striking section 45W (and by striking the item relating to such section in the table of sections for such subpart).
(b)
Conforming amendments
(1)
 Section 38(b)  of the Internal Revenue Code of 1986, as amended by sections 13502, 13701, and 13704 of  Public Law 117–169 , is amended—
(A)
by striking paragraph (37), and
(B)
by redesignating paragraphs (38) through (41) as paragraphs (37) through (40), respectively.
(2)
Section 6213(g)(2) of such Code is amended—
(A)
by adding  and  at the end of subparagraph (R),
(B)
by striking the comma at the end of subparagraph (S) and inserting a period, and
(C)
by striking subparagraph (V).
(c)
Effective date
The amendments made by this section shall apply to vehicles purchased, or for which a written binding contract to purchase has been entered into, after the date which is 30 days after the date of enactment of this Act.
5.
Exclusion of electric vehicle recharging property from alternative fuel vehicle refueling property credit
(a)
In general
 Section 30C  of the Internal Revenue Code of 1986 is amended—
(1)
in subsection (c)—
(A)
in paragraph (1)(B), by striking clause (iii), and
(B)
by striking paragraph (2) and inserting the following:
(2)
Exclusion of electric vehicle recharging property
The term  qualified alternative fuel vehicle refueling property  shall not include any property for the recharging of motor vehicles propelled by electricity.
 , and
(2)
by striking subsection (f).
(b)
Effective date
The amendments made by this section shall apply to property purchased, or for which a written binding contract to purchase has been entered into, after the date which is 30 days after the date of enactment of this Act.