← Back to Bills
S. 3582Senate115th Congress (2017-2019)In Committee

A bill to amend the Internal Revenue Code of 1986 to establish a new phaseout of the credit for plug-in electric drive motor vehicles.

Sponsored by Dean HellerSen. Dean Heller (R-NV)
Introduced October 11, 2018

AI-Generated Summary

Updated April 16, 2026 at 12:06 AM UTC

This bill changes the tax law so that the federal credit for buying a new plug‑in electric vehicle will end in the 2022 calendar year. The new rule starts applying to vehicles sold after December 31, 2018, and the code’s wording is updated to show that the credit is being phased out rather than limited by a vehicle count.

Key Provisions

  • Sets a specific phase‑out period for the federal tax credit for new plug‑in electric vehicles, limiting the credit to the calendar year 2022.
  • Applies the new phase‑out rule to any qualifying electric vehicle sold after December 31, 2018.
  • Updates the Internal Revenue Code heading to reflect that the credit will be phased out and removes the previous limitation language.

Legislative Activity

Stay on top of the latest movement without scrolling through every action

1 earlier action
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

Finance Committee

October 11, 2018

View full timeline
SenateIntro Referral

Introduced in Senate

October 11, 2018

SenateIntro Referral

Read twice and referred to the Committee on Finance.

Finance Committee

October 11, 2018

Bill Text

Latest available legislative text

Reading Mode
Latest
Raw Text PDF XML
Introduced in SenateIssued October 11, 2018

II

115th CONGRESS

2d Session

S. 3582

IN THE SENATE OF THE UNITED STATES

October 11, 2018

Mr. Heller 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 establish a new phaseout of the credit for plug-in electric drive motor vehicles.

1.

Phaseout of new qualified plug-in electric drive motor vehicle credit

(a)

In general

Section 30D(e) of the Internal Revenue Code of 1986 is amended—

(1)

in the heading, by striking Limitation on number of new qualified plug-in electric drive motor vehicles eligible for credit and inserting Phaseout of credit;

(2)

by striking paragraph (2) and inserting the following:

(2)

Phaseout period

For purposes of this subsection, the phaseout period is calendar year 2022.

; and

(3)

by striking paragraph (4).

(b)

Effective date

The amendments made by this section shall apply to vehicles sold after December 31, 2018.