Green VAN Act of 2019

I 116TH CONGRESS 1ST SESSION H. R. 5162 To amend the Internal Revenue Code of 1986 to provide for a credit for zero-emission heavy vehicles. IN THE HOUSE OF REPRESENTATIVES NOVEMBER 19, 2019 Mr. BEYER (for himself, Mr. PANETTA, Ms. SA´NCHEZ, Ms. MOORE, Mr. BLU- MENAUER, and Mr. KILDEE) introduced the following bill; which was re- ferred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to provide for a credit for zero-emission heavy vehicles. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Green Vehicle Adop- 4 tion Nationwide Act of 2019’’ or as the ‘‘Green VAN Act 5 of 2019’’. 6 SEC. 2. CREDIT FOR ZERO-EMISSION HEAVY VEHICLES. 7 (a) IN GENERAL.—Subpart D of part IV of sub- 8 chapter A of chapter 1 of the Internal Revenue Code of 9 VerDate Sep 11 2014 04:06 Nov 27, 2019 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H5162.IH H5162 kjohnson on DSK79L0C42 with BILLS 2 •HR 5162 IH 1986 is amended by adding at the end the following new 1 section: 2 ‘‘SEC. 45T. ZERO-EMISSION HEAVY VEHICLE CREDIT. 3 ‘‘(a) ALLOWANCE OF CREDIT.—For purposes of sec- 4 tion 38, in the case of a manufacturer of a zero-emission 5 heavy vehicle, the zero-emission heavy vehicle credit deter- 6 mined under this section for a taxable year is an amount 7 equal to 10 percent of the sum of the sale price of each 8 zero-emission heavy vehicle sold by such taxpayer during 9 such taxable year. 10 ‘‘(b) LIMITATION.—The sale price of a zero-emission 11 heavy vehicle may not be taken into account under sub- 12 section (a) to the extent such price exceeds $1,000,000. 13 ‘‘(c) ZERO-EMISSION HEAVY VEHICLE.—For pur- 14 poses of this section— 15 ‘‘(1) IN GENERAL.—The term ‘zero-emission 16 heavy vehicle’ means a motor vehicle which— 17 ‘‘(A) has a gross vehicle weight rating of 18 not less than 14,000 pounds, 19 ‘‘(B) is not powered or charged by an in- 20 ternal combustion engine, and 21 ‘‘(C) is propelled solely by an electric 22 motor which draws electricity from a battery or 23 fuel cell. 24 VerDate Sep 11 2014 04:06 Nov 27, 2019 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H5162.IH H5162 kjohnson on DSK79L0C42 with BILLS 3 •HR 5162 IH ‘‘(2) MOTOR VEHICLE; MANUFACTURER.—The 1 term ‘motor vehicle’ and ‘manufacturer’ have the 2 meaning given such terms in paragraphs (2) and (3) 3 of section 30D(d), respectively. 4 ‘‘(d) SPECIAL RULES.— 5 ‘‘(1) SALE PRICE.—For purposes of this sec- 6 tion, the sale price of a zero-emission heavy vehicle 7 shall be reduced by any rebate or other incentive 8 given before, on, or after the date of the sale. 9 ‘‘(2) DOMESTIC USE.—No credit shall be al- 10 lowed under subsection (a) with respect to a zero- 11 emission heavy vehicle to a manufacturer who knows 12 or has reason to know that such vehicle will not be 13 used primarily in the United States or a possession 14 of the United States. 15 ‘‘(3) REGULATIONS.—The Secretary shall pre- 16 scribe such regulations as may be necessary or ap- 17 propriate to carry out the purposes of this section. 18 ‘‘(e) TERMINATION.—This section shall not apply to 19 sales after December 31, 2024.’’. 20 (b) CREDIT MADE PART OF GENERAL BUSINESS 21 CREDIT.—Subsection (b) of section 38 of such Code is 22 amended by striking ‘‘plus’’ at the end of paragraph (31), 23 by striking the period at the end of paragraph (32) and 24 VerDate Sep 11 2014 04:06 Nov 27, 2019 Jkt 099200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H5162.IH H5162 kjohnson on DSK79L0C42 with BILLS 4 •HR 5162 IH inserting ‘‘, plus’’, and by adding at the end the following 1 new paragraph: 2 ‘‘(33) the zero-emission heavy vehicle credit de- 3 termined under section 45T.’’. 4 (c) CLERICAL AMENDMENT.—The table of sections 5 for subpart D of part IV of subchapter A of chapter 1 6 of such Code is amended by adding at the end the fol- 7 lowing new item: 8 ‘‘Sec. 45T. Zero-emission heavy vehicle credit.’’. (d) EFFECTIVE DATE.—The amendments made by 9 this section shall apply to sales after the date of the enact- 10 ment of this Act. 11 Æ VerDate Sep 11 2014 04:06 Nov 27, 2019 Jkt 099200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6301 E:\BILLS\H5162.IH H5162 kjohnson on DSK79L0C42 with BILLS