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II
116TH CONGRESS
2D SESSION
S. 3594
To amend the Internal Revenue Code of 1986 to eliminate the credit for
qualified plug-in electric drive motor vehicles for certain taxpayers.
IN THE SENATE OF THE UNITED STATES
MAY 4, 2020
Mr. BRAUN (for himself and Ms. ERNST) 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 eliminate
the credit for qualified plug-in electric drive motor vehi-
cles for certain taxpayers.
Be it enacted by the Senate and House of Representa-
1
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 ‘‘Ending the Electric
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Vehicle Entitlement for the Wealthy’’.
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SEC. 2. ELIMINATION OF PERSONAL CREDIT BASED ON AD-
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JUSTED GROSS INCOME.
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(a) IN GENERAL.—Subsection (c) of section 30D of
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the Internal Revenue Code of 1986 is amended—
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•S 3594 IS
(1) in paragraph (2), by inserting ‘‘and (3)’’
1
after ‘‘paragraph (1)’’, and
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(2) by adding at the end the following new
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paragraph:
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‘‘(3) ELIMINATION
OF
PERSONAL
CREDIT
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BASED ON ADJUSTED GROSS INCOME.—
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‘‘(A) IN GENERAL.—For purposes of para-
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graph (2), in the case of any new qualified
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plug-in electric drive motor vehicle which is
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placed in service by a taxpayer during any tax-
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able year, if the adjusted gross income of such
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taxpayer for such taxable year exceeds the
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threshold amount, the amount of the credit oth-
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erwise allowable under subsection (a) for such
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taxable year shall be reduced to zero.
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‘‘(B) THRESHOLD AMOUNT.—For purposes
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of this paragraph, the term ‘threshold amount’
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means—
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‘‘(i) in the case of any taxpayer filing
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a joint return for the taxable year,
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$326,600, and
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‘‘(ii) in the case of any taxpayer not
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filing a joint return for the taxable year,
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$163,300.
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‘‘(C) INFLATION ADJUSTMENT.—
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•S 3594 IS
‘‘(i) IN GENERAL.—In the case of any
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taxable year beginning after 2021, each of
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the dollar amounts in subparagraph (B)
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shall be increased by an amount equal to—
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‘‘(I) such dollar amount, multi-
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plied by
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‘‘(II) the cost-of-living adjust-
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ment determined under section 1(f)(3)
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for the calendar year in which the tax-
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able year begins by substituting ‘cal-
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endar year 2020’ for ‘calendar year
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2016’ in subparagraph (A)(ii) thereof.
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‘‘(ii) ROUNDING.—If any increase de-
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termined under clause (i) is not a multiple
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of $100, such increase shall be rounded to
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the nearest multiple of $100.’’.
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(b) EFFECTIVE DATE.—The amendments made by
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this section shall apply to taxable years beginning after
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December 31, 2020.
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Æ
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