S.Amdt. 2702

SA 2702. Mrs. FISCHER submitted an amendment intended to be proposed
to amendment SA 2360 proposed by Mr. Thune (for Mr. Graham) to the bill
H.R. 1, to provide for reconciliation pursuant to title II of H. Con.
Res. 14; which was ordered to lie on the table; as follows:

At the appropriate place in title VII, insert the
following:

SEC. ___. TAX ON SALE OF ELECTRIC VEHICLES AND BATTERIES.

(a) Imposition of Tax.--
(1) In general.--Subchapter A of chapter 32 is amended by
adding at the end the following new part:

``PART IV--ELECTRIC VEHICLES AND BATTERIES

``Sec. 4091. Tax on Electric Vehicles and Batteries.

``SEC. 4091. TAX ON ELECTRIC VEHICLES AND BATTERIES.

``(a) Battery Module.--There is hereby imposed a tax equal
to $150 on each battery module with a weight of greater than
1,000 pounds which is--
``(1) sold by the manufacturer, producer, or importer
thereof, and
``(2) intended for use in an electric vehicle.
``(b) Electric Vehicles.--There is hereby imposed a tax
equal to $400 on each electric vehicle sold by the
manufacturer, producer, or importer thereof.
``(c) Definitions.--In this section--
``(1) Battery module.--The term `battery module' has the
same meaning given such term in section 45X(c)(5)(B)(iii).
``(2) Electric vehicle.--
``(A) In general.--The term `electric vehicle' means a
light-duty vehicle which satisfies the requirements under
section 30D(d)(1)(F).
``(B) Exception for hybrid vehicles.--The term `electric
vehicle' shall not include any motor vehicle which draws
propulsion energy from onboard sources of stored energy which
are both--
``(i) an internal combustion or heat engine using
consumable fuel, and
``(ii) a rechargeable energy storage system.
``(3) Light-duty vehicle.--The term `light-duty vehicle'
means a motor vehicle, as defined in section 30D(d)(2), which
has a gross vehicle weight rating of less than 8,500 pounds.
``(d) Termination.--This section shall not apply to any
battery module or electric vehicle sold after December 31,
2028.''.
(2) Clerical amendment.--The table of parts for subchapter
A of chapter 32 is amended by adding at the end the following
new item:

``PART IV--ELECTRIC VEHICLES AND BATTERIES''.

(b) Transfer of Revenue to Highway Trust Fund.--Section
9503(b)(1) is amended--
(1) in subparagraph (D), by striking ``and'' at the end,
(2) by redesignating subparagraph (E) as subparagraph (F),
and
(3) by inserting after subparagraph (D) the following new
subparagraph:
``(E) section 4091 (relating to tax on electric vehicles
and batteries), and''.
(c) Effective Date.--The amendments made by this section
shall apply to sales after December 31, 2025.
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