Politiparty
Politiparty

118th Congress Taxation

S. 881: E-BIKE Act

Introduced

  1. Introduced (completed)Mar 21, 2023
  2. Passed Senate (not reached)
  3. Passed House (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in Senate, Mar 21, 2023

This bill allows individual taxpayers a new tax credit for 30% of the cost of a qualified electric bicycle. The bill defines qualified electric bicycle to mean a bicycle or tricycle that does not cost more than $8,000 and that is equipped with fully operable pedals, a saddle or seat for the rider, and an electric motor of less than 750 watts designed to assist in propelling the bicycle or tricycle under certain conditions

The bill requires the Internal Revenue Service to establish a program to make advance payments of the credit and to publicly report on the number of taxpayers claiming the credit and the aggregate dollar amount of the credit, beginning in 2023 and 2024.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

6

Bipartisan support.

Who scored on this bill

6 points earned
  1. 1Brian Schatz D-HI SponsorIntroduced, drew cross-party cosponsors2 events+6
See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Brian Schatz

History

  1. Mar 21, 2023Introduced in the Senate by Brian Schatz.
Show the full action history (2 actions)
  1. Mar 21, 2023Introduced in Senate
  2. Mar 21, 2023Read twice and referred to the Committee on Finance.