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117TH CONGRESS
1ST SESSION H. R. 3303
To amend the Internal Revenue Code of 1986 to reduce the tax credit
for new qualified plug-in electric drive motor vehicles by State subsidies
for these vehicles.
IN THE HOUSE OF REPRESENTATIVES
MAY 18, 2021
Mr. ESTES 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 reduce
the tax credit for new qualified plug-in electric drive
motor vehicles by State subsidies for these vehicles.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Close the Double Sub-
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sidy Loophole for Electric Vehicles Act’’.
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•HR 3303 IH
SEC. 2. QUALIFIED PLUG-IN ELECTRIC VEHICLE TAX CRED-
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IT REDUCTION IN CONNECTION WITH STATE
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SUBSIDY.
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(a) IN GENERAL.—Subsection (f) of section 30D of
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the Internal Revenue Code of 1986 is amended by adding
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at the end the following:
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‘‘(8) REDUCTION FOR STATE SUBSIDIES.—
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‘‘(A) IN GENERAL.—The amount allowed
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as a credit under this section (without regard to
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this paragraph) with respect to a vehicle to
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which this section applies shall be reduced (but
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not below zero) by the amount of any subsidy
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in connection with the acquisition or ownership
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of the vehicle made available by the State in
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which such vehicle is registered and placed in
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service by the taxpayer.
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‘‘(B) SUBSIDY.—For purposes of subpara-
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graph (A), term ‘subsidy’ means direct or indi-
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rect financial assistance, including tax credits
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or deductions from taxable income, grants,
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loans, rebates, vehicle license tax discounts, and
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vouchers.’’.
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(b) EFFECTIVE DATE.—The amendment made by
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subsection (a) shall apply to property placed in service
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after the date of the enactment of this Act.
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