[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5513 Introduced in House (IH)]
113th CONGRESS
2d Session
H. R. 5513
To amend the Internal Revenue Code of 1986 to extend and modify the tax
credit for electric vehicle recharging property.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
September 17, 2014
Ms. Hahn 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 extend and modify the tax
credit for electric vehicle recharging property.
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 Charging Advancement Reform
Act'' or as the ``E-Car Act''.
SEC. 2. EXTENSION AND MODIFICATION OF CREDIT FOR ELECTRIC CAR
RECHARGING PROPERTY.
(a) In General.--Section 30C of the Internal Revenue Code of 1986
is amended to read as follows:
``SEC. 30C. ELECTRIC VEHICLE RECHARGING PROPERTY CREDIT.
``(a) Credit Allowed.--There shall be allowed as a credit against
the tax imposed by this chapter for the taxable year an amount equal to
50 percent of the cost of any qualified electric vehicle recharging
property placed in service by the taxpayer during the taxable year.
``(b) Limitation.--The credit allowed under subsection (a) with
respect to all qualified electric vehicle recharging property placed in
service by the taxpayer during the taxable year at a location shall not
exceed--
``(1) in the case of a property of a character subject to
an allowance for depreciation, the greater of--
``(A) $100,000, or
``(B) $10,000 multiplied by the number of devices
placed in service at the location by the taxpayer
during the taxable year, and
``(2) $2,000 in any other case.
``(c) Qualified Electric Vehicle Recharging Property.--For purposes
of this section, the term `qualified electric vehicle recharging
property' means any property (not including a building) if--
``(1) such property is--
``(A) of a character subject to the allowance for
depreciation, or
``(B) installed on property which is used as the
principal residence (within the meaning of section 121)
of the taxpayer,
``(2) the original use of such property begins with the
taxpayer, and
``(3) such property is for the recharging of motor vehicles
propelled by electricity (including property relating to
providing electricity for such recharging or otherwise
necessary for such recharging property).
``(d) Application With Other Credits.--
``(1) Business credit treated as part of general business
credit.--So much of the credit which would be allowed under
subsection (a) for any taxable year (determined without regard
to this subsection) that is attributable to property of a
character subject to an allowance for depreciation shall be
treated as a credit listed in section 38(b) for such taxable
year (and not allowed under subsection (a)).
``(2) Personal credit.--
``(A) In general.--For purposes of this title, the
credit allowed under subsection (a) for any taxable
year (after the application of paragraph (1)) shall be
treated as a credit allowable under subpart A for such
taxable year.
``(B) Limitation based on amount of tax.--In the
case of a taxable year to which section 26(a)(2) does
not apply, the credit allowed under subsection (a) for
any taxable year (determined after application of
paragraph (1)) shall not exceed the excess of--
``(i) the sum of the regular tax liability
(as defined in section 26(b)) plus the tax
imposed by section 55, over
``(ii) the sum of the credits allowable
under subpart A (other than this section and
sections 25D and 30D) and section 27 for the
taxable year.
``(e) Special Rules.--For purposes of this section--
``(1) Basis reduction.--The basis of any property shall be
reduced by the portion of the cost of such property taken into
account under subsection (a).
``(2) Property used by tax-exempt entity.--In the case of
any qualified electric vehicle recharging property the use of
which is described in paragraph (3) or (4) of section 50(b)
(including use by an Indian tribal government) and which is not
subject to a lease, the person who sold such property to the
person or entity using such property shall be treated as the
taxpayer that placed such property in service, but only if such
person clearly discloses to such person or entity in a document
the amount of any credit allowable under subsection (a) with
respect to such property (determined without regard to
subsection (d)).
``(3) Property used outside united states not qualified.--
No credit shall be allowable under subsection (a) with respect
to any property referred to in section 50(b)(1) or with respect
to the portion of the cost of any property taken into account
under section 179.
``(4) Election not to take credit.--No credit shall be
allowed under subsection (a) for any property if the taxpayer
elects not to have this section apply to such property.
``(5) Recapture rules.--Rules similar to the rules of
section 179A(e)(4) shall apply.
``(6) Device.--For the purposes of subsection (b)(1), the
term `device' means an individual item of property, whether a
stand-alone item or part of property that includes multiple
devices, which functions to recharge one vehicle at a time.
``(7) Joint ownership of qualified electric vehicle
recharging property.--
``(A) In general.--Any qualified electric vehicle
recharging property shall not fail to be treated as
such property solely because such property is placed in
service with respect to 2 or more dwelling units.
``(B) Limits applied separately.--In the case of
any qualified electric vehicle recharging property
which is placed in service with respect to 2 or more
dwelling units, this section (other than this
subparagraph) shall be applied separately with respect
to the portion of such property attributable to each
such dwelling unit.
``(f) Regulations.--The Secretary shall prescribe such regulations
as necessary to carry out the provisions of this section.
``(g) Termination.--This section shall not apply to any property
placed in service after December 31, 2017.''.
(b) Conforming Amendment.--Clause (ii) of section 30D(c)(2)(B) of
such Code is amended by striking ``section 25D'' and inserting
``sections 25D and 30C''.
(c) Effective Date.--
(1) In general.--Except as provided in paragraph (2), the
amendments made by this section shall apply to property placed
in service after December 31, 2013.
(2) Preservation of last year of credit for hydrogen
refueling property.--So much of the amendment made by
subsection (a) as relates to the repeal of section 30C of the
Internal Revenue Code of 1986 (as in effect before the date of
the enactment of this Act) shall apply to property placed in
service after December 31, 2014.
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