Green VAN Act of 2021

Hozzl · 2022-12-31T09:00:10Z

Explore the details of House Bill 5180 Green VAN Act of 2021 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/31/2022, 9:00 AM

Summary of Bill HR 5180

Bill 117 HR 5180, also known as the Green VAN Act of 2021, is a piece of legislation introduced in the US Congress with the aim of promoting the use of environmentally friendly vehicles for transportation purposes. The bill specifically focuses on vans, which are commonly used for commercial and personal transportation.

The Green VAN Act of 2021 proposes several measures to incentivize the adoption of green vans, such as offering tax credits and grants to individuals and businesses that purchase or convert vans to run on alternative fuels or electricity. The bill also includes provisions for the development of infrastructure to support the use of green vans, such as charging stations and refueling stations for alternative fuels.

Additionally, the bill aims to set emissions standards for vans to reduce their environmental impact and improve air quality. It also includes provisions for research and development of new technologies to make vans more energy efficient and environmentally friendly. Overall, the Green VAN Act of 2021 seeks to promote the use of green vans as a means of reducing greenhouse gas emissions, improving air quality, and promoting sustainable transportation practices. It is currently being considered by Congress and has garnered support from environmental advocates and industry stakeholders alike.

Congressional Summary of HR 5180

Green Vehicle Adoption Nationwide Act of 2021 or the Green VAN Act of 2021

This bill allows a new tax credit through 2031 for an amount equal to 30% of the basis of a qualified commercial electric vehicle. A qualified commercial electric vehicle must meet certain eligibility requirements, and must be mobile machinery and primarily propelled by an electric motor that draws electricity from a battery that (1) has a capacity of not less than 30 kilowatt hours, (2) is capable of being recharged from an external source of electricity, and (3) is not powered or charged by an internal combustion engine.

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Current Status of Bill HR 5180

Bill HR 5180 is currently in the status of Bill Introduced since September 7, 2021. Bill HR 5180 was introduced during Congress 117 and was introduced to the House on September 7, 2021. Bill HR 5180's most recent activity was Referred to the House Committee on Ways and Means. as of September 7, 2021