[ref http://electric-vehicle-discussion-list.413529.n4.nabble.com/Kill-Bill-that-eliminates-nod-needed-7-5k-Fed-EV-Credit-Koch-Kool-Aid-inebriation-tp4688459.html ]
https://electrek.co/2017/12/02/electric-vehicle-tax-credit-senate-bill/ The $7,500 electric vehicle tax credit is in danger again as Senate passes tax reform Dec. 2nd 2017 Fred Lambert Early this morning, the U.S. Senate passed their major tax bill after weeks of debate and it looks like the federal tax credit for electric vehicles is still in danger despite some changes since the original introduction of the bill that removed the incentive. After the House GOP bill was introduced with the removal of the $7,500 federal tax credit for electric vehicles, several Republican Senators said that they were going to remove the proposal [ https://electrek.co/2017/11/09/electric-vehicle-tax-credit-preserved-in-senates-revised-tax-bill-says-senator/ ] from the Senate bill. But another amendment on Thursday was added by Jeff Flake, a Republican senator from Arizona, which included the languange ending the federal tax credit for electric vehicles on December 31, 2017. SA 1746 [ https://www.congress.gov/amendment/115th-congress/senate-amendment/1746 ]. Mr. FLAKE submitted an amendment intended to be proposed to amendment SA 1618 [ https://www.congress.gov/amendment/115th-congress/senate-amendment/1618 ] proposed by Mr. McConnell (for Mr. Hatch (for himself and Ms. Murkowski)) to the bill H.R. 1 [ https://www.congress.gov/bill/115th-congress/house-bill/1 ], to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018; which was ordered to lie on the table; as follows: At the appropriate place, insert the following: SEC. ____. TERMINATION OF CREDIT FOR NEW QUALIFIED PLUG-IN ELECTRIC DRIVE MOTOR VEHICLES. (a) In General.--Subpart B of part IV of subchapter A of chapter 1 is amended by striking section 30D (and by striking the item relating to such section in the table of sections for such subpart). (b) Conforming Amendments.-- (1) Section 38(b) is amended by striking paragraph (35). (2) Section 1016(a) is amended by striking paragraph (37). (3) Section 6501(m) is amended by striking ``30D(e)(4),''. (c) Effective Date.--The amendments made by this section shall apply to vehicles placed in service in taxable years beginning after December 31, 2017. The bill’s amendment was approved [ https://www.congress.gov/amendment/115th-congress/senate-amendment/1618/text ] on the bill that the Republican voted for in the Senate early this morning (hat tip to rodney8 [ https://www.reddit.com/r/teslamotors/comments/7h1cub/does_anyone_know_if_tonights_senate_tax_bill_kept/ ]). Now the bill is going to the House, but it’s not looking good for electric vehicle buyers at this point. Electrek’s Take Nothing is concrete yet, but it’s looking worse than ever for the electric vehicle buyers. I’m not a tax expert, but it looks like there are so many major changes in this bill that the EV tax credit is just an afterthought seen as collateral damage. If you were looking to buy an electric vehicle in the coming months, I would recommend pulling the trigger right now in order not to take chances. Last month, we posted a report on ‘How to approach buying a Tesla or any electric car with the proposed end of $7,500 tax credit next month [ https://electrek.co/2017/11/02/buying-tesla-electric-cars-federal-tax-credit-gop-tax-bill/ ].‘ It still stands for most vehicles aside for Tesla’s custom orders, which can’t be delivered in time at this point since vehicles need to be “placed in service” by the end of the month. Tesla’s new inventory vehicles can still be delivered in time and we expect that they will go fast because the timeline for the likely end of the tax credit also matches Tesla’s end of the free unlimited access to the Supercharger network with a purchase through Tesla’s referral program [ https://electrek.co/2017/09/28/tesla-referral-program-solar-panels-1000-credit-cars/ ] (you can use our code [ http://ts.la/frederic5610 ] to get the free Supercharger access). For other electric vehicles, we also expect inventories to be limited as people fear the end of the federal tax credit. You can check with your local dealers for inventory: Chevy Bolt EV [ https://www.carsdirect.com/buildyourcar/style?make=chevrolet&model=boltev&src=1001054&lnk=subID ], Hyundai Ioniq Electric [ https://www.carsdirect.com/buildyourcar/style?make=hyundai&model=ioniqelectric&src=1001054&lnk=subID ], Nissan Leaf [ http://www.carsdirect.com/buildyourcar/style?make=nissan&model=leaf&src=1001054&lnk=subID ] ... [© electrek.co] https://energy.gov/eere/electricvehicles/electric-vehicles-tax-credits-and-other-incentives Electric Vehicles: Tax Credits and Other Incentives | Department of ... The federal government and a number of states offer financial incentives, including tax credits, for lowering the up-front costs of plug-in electric vehicles (also known as electric cars or EVs). The federal Internal Revenue Service (IRS) tax credit is for $2,500 to $7,500 per new EV purchased for use in the U.S. ... For EVLN EV-newswire posts use: http://evdl.org/archive/ {brucedp.neocities.org} -- Sent from: http://electric-vehicle-discussion-list.413529.n4.nabble.com/ _______________________________________________ UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub http://lists.evdl.org/listinfo.cgi/ev-evdl.org Please discuss EV drag racing at NEDRA (http://groups.yahoo.com/group/NEDRA)
