Electric Motorcycle Parity Act of 2023

II 118TH CONGRESS 1ST SESSION S. 1779 To amend the Internal Revenue Code of 1986 to expand the new clean vehicle credit to include clean vehicles with fewer than 4 wheels. IN THE SENATE OF THE UNITED STATES MAY 31 (legislative day, MAY 30), 2023 Mr. CASEY (for himself, Ms. BALDWIN, and Mr. WYDEN) 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 expand the new clean vehicle credit to include clean vehicles with fewer than 4 wheels. 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 ‘‘Electric Motorcycle 4 Parity Act of 2023’’. 5 VerDate Sep 11 2014 03:44 Jun 16, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S1779.IS S1779 pbinns on DSKJLVW7X2PROD with $$_JOB 2 •S 1779 IS SEC. 2. EXPANSION OF NEW CLEAN VEHICLE CREDIT TO IN- 1 CLUDE CLEAN VEHICLES WITH FEWER THAN 2 4 WHEELS. 3 (a) IN GENERAL.—Section 30D of the Internal Rev- 4 enue Code of 1986, as amended by section 13401 of Public 5 Law 117–169, is amended— 6 (1) by redesignating subsection (h) as sub- 7 section (i), and 8 (2) by inserting after subsection (g) the fol- 9 lowing: 10 ‘‘(h) CREDIT ALLOWED FOR CLEAN VEHICLES WITH 11 FEWER THAN 4 WHEELS.— 12 ‘‘(1) IN GENERAL.—In the case of a qualified 13 clean vehicle with fewer than 4 wheels— 14 ‘‘(A) there shall be allowed as a credit 15 against the tax imposed by this chapter for the 16 taxable year an amount equal to the sum of the 17 applicable amount with respect to each such 18 qualified clean vehicle with fewer than 4 wheels 19 placed in service by the taxpayer during the 20 taxable year, and 21 ‘‘(B) the amount of the credit allowed 22 under subparagraph (A) shall be treated as a 23 credit allowed under subsection (a). 24 VerDate Sep 11 2014 03:44 Jun 16, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S1779.IS S1779 pbinns on DSKJLVW7X2PROD with $$_JOB 3 •S 1779 IS ‘‘(2) APPLICABLE AMOUNT.—For purposes of 1 paragraph (1), the applicable amount is an amount 2 equal to the sum of— 3 ‘‘(A) in the case of a vehicle with respect 4 to which the requirement described in sub- 5 section (e)(1)(A) is satisfied, $3,750, plus 6 ‘‘(B) in the case of a vehicle with respect 7 to which the requirement described in sub- 8 section (e)(2)(A) is satisfied, $3,750. 9 ‘‘(3) QUALIFIED CLEAN VEHICLE WITH FEWER 10 THAN 4 WHEELS.—The term ‘qualified clean vehicle 11 with fewer than 4 wheels’ means any vehicle which— 12 ‘‘(A) has fewer than 4 wheels, 13 ‘‘(B) meets the requirements of— 14 ‘‘(i) subparagraphs (A), (B), (C), (E), 15 (F), (G), and (H) of subsection (d)(1) (de- 16 termined by substituting ‘2.5 kilowatt 17 hours’ for ‘7 kilowatt hours’ in subpara- 18 graph (F)(i) of such subsection), or 19 ‘‘(ii) subparagraphs (A), (C), (D), and 20 (E) of section 30B(b)(3) and subpara- 21 graphs (G) and (H) of subsection (d)(1), 22 ‘‘(C) is manufactured primarily for use on 23 public streets, roads, and highways, and 24 VerDate Sep 11 2014 03:44 Jun 16, 2023 Jkt 039200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\S1779.IS S1779 pbinns on DSKJLVW7X2PROD with $$_JOB 4 •S 1779 IS ‘‘(D) is capable of achieving a speed of 45 1 miles per hour or greater.’’. 2 (b) EFFECTIVE DATE.—The amendments made by 3 this section shall apply to vehicles acquired after Decem- 4 ber 31, 2022. 5 Æ VerDate Sep 11 2014 03:44 Jun 16, 2023 Jkt 039200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6301 E:\BILLS\S1779.IS S1779 pbinns on DSKJLVW7X2PROD with $$_JOB