[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5705 Introduced in House (IH)]
111th CONGRESS
2d Session
H. R. 5705
To amend the Internal Revenue Code of 1986 to increase the credit
amount for 2- and 3-wheeled electric highway vehicles, and for other
purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
July 1, 2010
Mr. Ryan of Ohio (for himself and Ms. Sutton) introduced the following
bill; which was referred to the Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to increase the credit
amount for 2- and 3-wheeled electric highway vehicles, and for other
purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Electric Vehicle Advancement Act of
2010''.
SEC. 2. INCREASE IN CREDIT AMOUNT FOR 2- AND 3-WHEELED ELECTRIC HIGHWAY
VEHICLES.
(a) In General.--Subsections (a) and (b) of section 30 of the
Internal Revenue Code of 1986 are amended to read as follows:
``(a) Allowance of Credit.--There shall be allowed as a credit
against the tax imposed by this chapter for the taxable year an amount
equal to--
``(1) in the case of any qualified plug-in electric vehicle
placed in service by the taxpayer during the taxable year which
is a 2- or 3-wheeled vehicle described in subsection (d)(3),
the sum of--
``(A) $1,000,
``(B) in the case of a vehicle which draws
propulsion energy from a battery with not less than 2.5
kilowatt hours of capacity, $417, plus $417 for each
kilowatt hour of capacity in excess of 2.5 kilowatt
hours, plus
``(C) in the case of a vehicle which achieves at
least 75 miles per gallon equivalent, $2,000, and
``(2) in the case of any other qualified plug-in electric
vehicle placed in service by the taxpayer during the taxable
year, 10 percent of the cost of such vehicle.
``(b) Dollar Limitations.--
``(1) Battery capacity for 2- and 3-wheeled vehicles.--The
amount allowed under subsection (a)(1) with respect to any
vehicle by reason of subparagraph (B) thereof shall not exceed
$5,500.
``(2) Total.--The amount allowed under subsection (a)(1)
with respect to any vehicle shall not exceed $7,500.
``(3) Other qualified plug-in electric vehicles.--The
amount of the credit allowed under subsection (a)(2) with
respect to any vehicle shall not exceed $2,500.''.
(b) 2- or 3-Wheeled Motor Vehicles Described.--Subsection (d) of
section 30 of such Code is amended by redesignating paragraphs (3) and
(4) as paragraphs (4) and (5), respectively, and by inserting after
paragraph (2) the following new paragraph:
``(3) 2- or 3-wheeled motor vehicle.--A 2- or 3-wheeled
vehicle described in this paragraph is a specified vehicle
described in paragraph (2)(B)--
``(A) with motive power having a seat, seats, or
saddle for the use of the rider or riders and designed
to travel on not more than 3 wheels in contact with the
ground,
``(B) which has an electric motor that produces in
excess of 5-brake horsepower,
``(C) which draws propulsion from 1 or more
traction batteries, and
``(D) which has been certified to the Department of
Transportation pursuant to section 567 of title 49,
Code of Federal Regulations, in effect on the date of
the manufacture of the vehicle.''.
(c) Miles Per Gallon Equivalent.--Subsection (d) of section 30 of
such Code, as amended by subsection (b), is amended by adding at the
end the following new paragraph:
``(6) Miles per gallon equivalent.--For purposes of this
section, the miles per gallon equivalent with respect to any
vehicle shall be the combined fuel economy with respect to such
vehicle, as determined under section 136(a)(2)(B) of the Energy
Independence and Security Act of 2007.''.
(d) Limitation on Number of 2- and 3-Wheeled Vehicles Eligible for
Credit.--Section 30 of such Code is amended by redesignating subsection
(f) as subsection (g) and by inserting after subsection (e) the
following new subsection:
``(e) Limitation on Number of 2- and 3-Wheeled Vehicles Eligible
for Credit.--
``(1) In general.--In the case of a 2- or 3-wheeled
electric vehicles described in subsection (d)(3) which are sold
during the phaseout period, only the applicable percentage of
the credit otherwise allowable under subsection (a) shall be
allowed.
``(2) Phaseout period.--For purposes of this subsection,
the phaseout period is the period beginning with the second
calendar quarter following the calendar quarter which includes
the first date on which the number of 2- or 3-wheeled electric
vehicles described in subsection (d)(3) manufactured by the
manufacturer of the vehicle referred to in paragraph (1) sold
for use in the United States after the date of the enactment of
this section is at least 100,000.
``(3) Applicable percentage.--For purposes of paragraph
(1), the applicable percentage is--
``(A) 50 percent for the first 2 calendar quarters
of the phaseout period,
``(B) 25 percent for the 3d and 4th calendar
quarters of the phaseout period, and
``(C) 0 percent for each calendar quarter
thereafter.
``(4) Controlled groups.--Rules similar to the rules of
section 30B(f)(4) shall apply for purposes of this
subsection.''.
(e) Effective Date.--The amendments made by this section shall
apply to property placed in service after the date of the enactment of
this Act.
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