No Tax Credits for Government Electric Vehicle Purchases
This bill aims to prevent sellers of electric vehicles from claiming tax credits if they sell these vehicles to the federal or state government. This means the government will not be able to indirectly benefit from subsidies intended for private electric vehicle buyers. These changes may influence the vehicle purchasing strategy of public institutions.
Key points
Electric vehicle sellers will not receive tax credits if they sell a vehicle to the federal government, states, or their agencies.
The goal is to prevent government entities from utilizing tax credits intended for citizens.
Changes apply to tax years beginning after the enactment date of this section.
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