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Tax Credit for Used Electric Vehicles for Working Families

This bill amends the Internal Revenue Code of 1986 to provide a tax credit for previously-owned qualified plug-in electric drive motor vehicles. The legislation is cited as the Affordable EVs for Working Families Act.
Key points
A new tax credit of up to $2,500 for purchasing a previously-owned plug-in electric drive motor vehicle.
The credit is available to individuals buying the vehicle for personal use (not for resale) with a sale price under $25,000.
The credit is reduced for taxpayers with adjusted gross income exceeding $75,000 ($150,000 for joint filers).
The vehicle must be at least two model years older than the calendar year of acquisition.
Sellers must provide a certificate verifying the vehicle's VIN and battery capacity.
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Additional Information
Print number: 117_HR_4817
Sponsor: Rep. Gomez, Jimmy [D-CA-34]
Process start date: 2021-07-29