13 Nov '17, 12pm

Senate tax plan leaves electric-car purchase credit in place

John Voelcker Nov 13, 2017 Follow John Add to circle U.S. Capitol Building Enlarge Photo The battle over early termination of the U.S. income-tax credit for purchase of an electric car took a new turn on Thursday. HR1, the draft Tax Cut and Jobs Act introduced in the House of Representatives, would end the credit as of December 31. The U.S. Senate version of the tax-reform bill introduced late Thursday, however, retains the credit. DON'T MISS: House tax bill eliminates credit for all electric-car buyers: report To become law, each house must finalize a version of its bill and then pass it. After that, the two bills must be reconciled by a joint committee to produce a single piece of legislation that must again be passed by both houses. Only after that can it go to President Donald Trump for his signature. Chevrolet Bolt EV being charged outside Go Forth electric-car showro...

Full article: https://www.greencarreports.com/news/1113703_senate-tax-p...

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