John Thune said "Mr. President, I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the text of the bill was ordered to be printed in the Record, as follows: S. 4939 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Ending Duplicative Subsidies for Electric Vehicles Act'' SEC. 2. 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. ___________________

On the recordSeptember 22, 2022

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the text of the bill was ordered to be printed in the Record, as follows: S. 4939 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Ending Duplicative Subsidies for Electric Vehicles Act'' SEC. 2. 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. ____________________

Said by

John Thune

Republican · South Dakota

Source

Congressional Record · 2022-09-22