S. 4939Senate117th Congress (2021-2023)In Committee

Ending Duplicative Subsidies for Electric Vehicles Act

AI-Generated Summary

Updated February 8, 2026 at 5:45 PM UTC

The Ending Duplicative Subsidies for Electric Vehicles Act changes the tax code so that a clean‑vehicle manufacturer cannot claim the federal electric‑vehicle tax credit if it has already received a federal loan, loan guarantee, or grant for that same vehicle. It targets manufacturers that benefit from both tax credits and other government subsidies, ensuring they don’t receive overlapping financial support. The rule applies to taxable years beginning after December 31, 2022.

Key Provisions

Amends Internal Revenue Code §30D(d)(3) to add that the EV tax credit does not apply to any person who has received a loan under the Energy Independence and Security Act of 2007, a loan guarantee under the Energy Policy Act of 2005, or a grant under the specified reconciliation act.
Sets the amendment’s effective date to taxable years beginning after December 31, 2022.

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. (text: CR S4972)

Finance Committee

September 22, 2022

View full timeline

SenateIntro Referral

Introduced in Senate

September 22, 2022

SenateIntro Referral

Read twice and referred to the Committee on Finance. (text: CR S4972)

Finance Committee

September 22, 2022

Floor Debate

2 members

What members said about S. 4939 on the floor

1 Republican1 Democrat

Sen. Alex PadillaD-CA · Sep 22, 2022

Mr. President, I rise to speak in support of the bipartisan American Music Fairness Act, which I introduced with Senator Blackburn today. Artists pour their heart and soul into the music we enjoy.…

Mr. President, I rise to speak in support of the bipartisan American Music Fairness Act, which I introduced with Senator Blackburn today.

Artists pour their heart and soul into the music we enjoy. Unfortunately, our current copyright laws do not adequately reflect the value of what they have produced.

Currently, the United States is the only democratic country in the world in which artists are not compensated for the use of their music on AM/FM radio.

By requiring broadcast radio corporations to pay performance royalties to creators for AM/FM radio plays, the American Music Fairness Act would close an antiquated loophole in our copyright law which has prevented artists from receiving compensation for the use of their music for far too long.

This royalty stream would be particularly meaningful for the thousands of working-class artists who are a critical part of our country's vibrant music industry, and it would also be particularly meaningful for artists who are not readily able to tour and perform, as has unfortunately been the case for artists during the COVID pandemic.

Additionally and importantly, when American-made music is played overseas, other countries collect royalties for American artists and producers but never pay those royalties to our artists because we do not reciprocate. This inequity costs the American economy and artists more than $200 million each year. This is a serious injustice considering that America is the origin of so much of the music listened to around the world.

So it is time once and for all to create a regime that is platform neutral and which respects the hard work and dignity of our artists.

But I also want to be clear about something. I am a huge fan of and true believer in the importance of local radio to the music industry and to communities all across the United States that rely on radio to receive timely and relevant news, entertainment, and emergency response information. The American Music Fairness Act recognizes and acknowledges the important role that locally-owned radio stations play by including protections for small, college, and noncommercial stations.

I want to thank Senator Blackburn for introducing this bill with me, and I hope our colleagues will join us in supporting the thousands of artists across this country who create the music that contributes to the soundtrack of our lives.

Sen. John ThuneR-SD · Sep 22, 2022

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Sen. John ThuneR-SD · Sep 22, 2022

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Bill Text

Latest available legislative text

Reading Mode

Raw Text PDF XML

Introduced in SenateIssued September 22, 2022

117th CONGRESS

2d Session

S. 4939

IN THE SENATE OF THE UNITED STATES

September 22, 2022

Mr. Thune (for himself, Mr. Cassidy, Mr. Daines, and Mr. Toomey) 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 prevent double dipping between tax credits and grants or loans for clean vehicle manufacturers.

Short title

This Act may be cited as the Ending Duplicative Subsidies for Electric Vehicles Act.

Coordination of electric vehicle credits with other subsidies

(a)

In general

Section 30D(d)(3) of the Internal Revenue Code of 1986, as amended by Public Law 117–169, is amended by adding at the end the following new sentence: Such term shall not include any person who has received a loan under section 136(d) of the Energy Independence and Security Act of 2007, a loan guarantee under section 1703 of the Energy Policy Act of 2005 with respect to a project described in section 1703(b)(8) of such Act, or a grant under section 50143 of the Act titled An Act to provide for reconciliation pursuant to title II of S. Con. Res. 14 for the taxable year in which the new clean vehicle is placed in service or any prior taxable year..

(b)

Effective date

The amendment made by this section shall apply to taxable years beginning after December 31, 2022.