0
0
0
Michael F. Donoughe Tax Credit for Off Road Electric Vehicles Act
12/15/2023, 4:02 PM
Summary of Bill HR 5656
Bill 118 hr 5656, also known as the Michael F. Donoughe Tax Credit for Off Road Electric Vehicles Act, is a piece of legislation introduced in the US Congress. The bill aims to provide tax credits for individuals who purchase off-road electric vehicles.
Under this bill, individuals who purchase qualifying off-road electric vehicles would be eligible for a tax credit. The amount of the tax credit would be based on the cost of the vehicle and would be capped at a certain amount. The goal of this tax credit is to incentivize the purchase of off-road electric vehicles, which are seen as more environmentally friendly than traditional off-road vehicles that run on gasoline.
The bill is named after Michael F. Donoughe, a prominent advocate for electric vehicles and sustainable transportation. Supporters of the bill argue that it will help reduce emissions and promote the use of clean energy in the off-road vehicle industry. Opponents of the bill may argue that it could be costly for the government to implement and that tax credits may not be the most effective way to promote the use of off-road electric vehicles. However, the bill has garnered bipartisan support in Congress and is currently being considered in committee. Overall, the Michael F. Donoughe Tax Credit for Off Road Electric Vehicles Act aims to incentivize the purchase of off-road electric vehicles through tax credits, with the goal of promoting sustainability and reducing emissions in the off-road vehicle industry.
Under this bill, individuals who purchase qualifying off-road electric vehicles would be eligible for a tax credit. The amount of the tax credit would be based on the cost of the vehicle and would be capped at a certain amount. The goal of this tax credit is to incentivize the purchase of off-road electric vehicles, which are seen as more environmentally friendly than traditional off-road vehicles that run on gasoline.
The bill is named after Michael F. Donoughe, a prominent advocate for electric vehicles and sustainable transportation. Supporters of the bill argue that it will help reduce emissions and promote the use of clean energy in the off-road vehicle industry. Opponents of the bill may argue that it could be costly for the government to implement and that tax credits may not be the most effective way to promote the use of off-road electric vehicles. However, the bill has garnered bipartisan support in Congress and is currently being considered in committee. Overall, the Michael F. Donoughe Tax Credit for Off Road Electric Vehicles Act aims to incentivize the purchase of off-road electric vehicles through tax credits, with the goal of promoting sustainability and reducing emissions in the off-road vehicle industry.
Congressional Summary of HR 5656
Michael F. Donoughe Tax Credit for Off Road Electric Vehicles Act
This bill expands the clean vehicle tax credit to include new qualified off-road plug-in electric vehicles. The amount of the tax credit allowed for a new qualified off-road plug-in electric vehicle is 10% of the cost of the vehicle or $2,500, whichever is lower.
The bill defines a new qualified off-road plug-in electric vehicle as any vehicle that
- is acquired new and for use by the taxpayer;
- is made by a qualified manufacturer;
- is powered by an electric motor that draws electricity from a battery with a capacity of at least six kilowatt hours;
- has final assembly occurring in North America;
- has a dry weight of less than 3,500 pounds;
- has three or more wheels;
- has one or more seats;
- is manufactured primarily for off-road use;
- is designed for use on rough terrain and, except in the case of a vehicle designed to operate on land and water, is not designed to operate on rails, in the air, or in or on the water; and
- is capable of reaching a speed of 40 miles per hour.
Under current law, a qualified manufacturer is any manufacturer that has a written agreement with the Internal Revenue Service and submits reports containing information about each eligible clean vehicle.
Finally, the bill allows the tax credit for a new qualified off-road plug-in electric vehicle to be transferred from the taxpayer to an eligible entity (e.g., vehicle dealer) in exchange for a financial benefit (e.g., rebate).
Current Status of Bill HR 5656
Bill HR 5656 is currently in the status of Bill Introduced since September 21, 2023. Bill HR 5656 was introduced during Congress 118 and was introduced to the House on September 21, 2023. Bill HR 5656's most recent activity was Referred to the House Committee on Ways and Means. as of September 21, 2023
Bipartisan Support of Bill HR 5656
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5656
Primary Policy Focus
TaxationComments
Sponsors and Cosponsors of HR 5656
Latest Bills
No Funds for Repeat Child Care Violations Act of 2026
Bill HR 7726April 23, 2026
Child Care Integrity Monitoring Act of 2026
Bill HR 7722April 23, 2026
Closing the Provider Fraud Gap Act
Bill HR 7677April 23, 2026
No Waivers for Fraud Act of 2026
Bill HR 7724April 23, 2026
Child Care Payment Integrity and Fraud Accountability Act of 2026
Bill HR 7720April 23, 2026
Stop Child Care Fraud Act of 2026
Bill HR 7725April 23, 2026
CRACKDOWN Act of 2026
Bill HR 7721April 23, 2026
Combatting Money Laundering in Cyber Crime Act of 2025
Bill HR 5877April 23, 2026
A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2026 and setting forth the appropriate budgetary levels for fiscal years 2027 through 2035.
Bill SCONRES 33April 23, 2026
RECOVER Act of 2026
Bill HR 8386April 23, 2026