Fair SHARE Act of 2025

Hozzl · 2025-03-12T02:38:29Z

Explore the details of Senate Bill 536 Fair SHARE Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

3/12/2025, 2:38 AM

Summary of Bill S 536

Bill 119 s 536, also known as the Electric Vehicle Tax Act, aims to make changes to the Internal Revenue Code of 1986 by implementing a tax on the sale of electric vehicles and batteries. The bill proposes to impose a tax on the sale of electric vehicles and batteries in order to generate revenue for the government.

The tax would be applied to both the sale of electric vehicles and the sale of batteries used in electric vehicles. The amount of the tax would be determined based on the value of the vehicle or battery being sold. The revenue generated from this tax would be used to fund various government programs and initiatives.

Supporters of the bill argue that implementing a tax on electric vehicles and batteries would help level the playing field between electric vehicles and traditional gasoline-powered vehicles. They believe that electric vehicles should contribute to the funding of government programs just like traditional vehicles do through gas taxes. Opponents of the bill, however, argue that taxing electric vehicles and batteries could discourage consumers from purchasing these environmentally-friendly vehicles. They believe that the government should be incentivizing the adoption of electric vehicles, not imposing additional taxes on them. Overall, Bill 119 s 536 is a controversial piece of legislation that seeks to establish a tax on the sale of electric vehicles and batteries in order to generate revenue for the government. The bill has sparked debate among lawmakers and stakeholders about the impact of such a tax on the adoption of electric vehicles and the future of transportation in the United States.

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Current Status of Bill S 536

Bill S 536 is currently in the status of Bill Introduced since February 12, 2025. Bill S 536 was introduced during Congress 119 and was introduced to the Senate on February 12, 2025. Bill S 536's most recent activity was Read twice and referred to the Committee on Finance. as of February 12, 2025

Bipartisan Support of Bill S 536

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Policy Area and Potential Impact of Bill S 536

Primary Policy Focus

Alternate Title(s) of Bill S 536

A bill to amend the Internal Revenue Code of 1986 to establish a tax on the sale of electric vehicles and batteries.A bill to amend the Internal Revenue Code of 1986 to establish a tax on the sale of electric vehicles and batteries.

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