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Affordable American-made Automobile Act

10/28/2022, 1:45 AM

Congressional Summary of HR 5393

Affordable American-made Automobile Act

This bill expands the tax credit for electric drive motor vehicles to include new and used battery electric motor vehicles. It reinstates and extends through 2030 the tax credit for alternative fuel vehicle refueling property and eliminates the limitation on such credit. The bill also makes the refueling credit applicable to electric vehicle charging stations.

The bill allows the use of private activity bonds to finance a qualified battery electric motor vehicle manufacturing facility or a qualified electric vehicle battery manufacturing facility.

Current Status of Bill HR 5393

Bill HR 5393 is currently in the status of Bill Introduced since December 11, 2019. Bill HR 5393 was introduced during Congress 116 and was introduced to the House on December 11, 2019.  Bill HR 5393's most recent activity was Referred to the House Committee on Ways and Means. as of December 11, 2019

Bipartisan Support of Bill HR 5393

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
31
Democrat Cosponsors
31
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5393

Primary Policy Focus

Taxation

Potential Impact Areas

- Alternative and renewable resources
- Electric power generation and transmission
- Energy efficiency and conservation
- Hybrid, electric, and advanced technology vehicles
- Inflation and prices
- Motor vehicles
- Sales and excise taxes

Alternate Title(s) of Bill HR 5393

Affordable American-made Automobile Act
To amend the Internal Revenue Code of 1986 to revise the incentives for electric vehicles, and for other purposes.
Affordable American-made Automobile Act

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