S.Amdt. 1481

SA 1481. Mr. BRAUN (for himself and Ms. Ernst) submitted an amendment
intended to be proposed to amendment SA 1407 proposed by Ms. Murkowski
to the bill S. 2657, to support innovation in advanced geothermal
research and development, and for other purposes; which was ordered to
lie on the table; as follows:

At the end, add the following:

TITLE IV--AMENDMENTS TO THE INTERNAL REVENUE CODE OF 1986

SEC. 4001. LIMIT CREDIT FOR NEW QUALIFIED PLUG-IN ELECTRIC
DRIVE MOTOR VEHICLES TO VEHICLES COSTING LESS
THAN $45,000.

(a) In General.--Section 30D(d)(1) of the Internal Revenue
Code of 1986 is amended--
(1) in subparagraph (E), by striking ``and'' at the end,
(2) in subparagraph (F)(ii), by striking the period at the
end and inserting ``, and'', and
(3) by adding at the end the following new subparagraph:
``(G) for which the manufacturer's suggested retail price
is less than $45,000.''.
(b) Effective Date.--The amendments made by this section
shall apply to vehicles sold during any calendar quarter
beginning after the date of enactment of this Act.
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