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Vehicle Energy Cost Relief: $300 Monthly Tax Credit

This act introduces a new tax credit of $300 per month for individuals who own or lease motor vehicles, aiming to alleviate energy costs. The benefit will be paid in advance and is available to individuals with incomes below $200,000 annually ($400,000 for joint filers). These payments are protected from garnishment and other offsets.
Key points
You could receive $300 per month for each vehicle you own or lease for the first three months after the law takes effect.
The credit is available to individuals with an adjusted gross income not exceeding $200,000 ($400,000 for joint filers).
Payments will be made in advance and are protected from being reduced or offset by other debts or taxes.
An online portal will be established for taxpayers to submit necessary information to receive these monthly payments.
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Additional Information
Print number: 117_HR_7295
Sponsor: Rep. Horsford, Steven [D-NV-4]
Process start date: 2022-03-30
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Saving Americans from Vehicle Energy Costs Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7295.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-03-30.

What are the main provisions?

Key points include:

  • You could receive $300 per month for each vehicle you own or lease for the first three months after the law takes effect.
  • The credit is available to individuals with an adjusted gross income not exceeding $200,000 ($400,000 for joint filers).
  • Payments will be made in advance and are protected from being reduced or offset by other debts or taxes.
  • An online portal will be established for taxpayers to submit necessary information to receive these monthly payments.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Horsford, Steven [D-NV-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Taxes Transport Benefits