HR 312 ยท Restoring Vehicle Market Freedom Act of 2025
Referred to the House Committee on Ways and Means.
- Introduced
- Jan 9, 2025
- Latest action
- Jan 9, 2025
- Sponsor
- Rep. Scott Perry [R-PA-10]
- Policy area
- Taxation
- Cosponsors
- 2
Summary
Restoring Vehicle Market Freedom Act of 2025 This bill repeals federal tax credits for the purchase of certain clean vehicles (generally electric vehicles, plug-in hybrid vehicles, and fuel cell vehicles) and certain vehicle refueling property. Specifically, the bill repeals the federal tax credits for the purchase of a qualified used clean vehicle (tax credit of up to $4,000 for the purchase of a previously-owned clean vehicle before 2033), the purchase of a qualified new clean vehicle (tax credit of up to $7,500 for the purchase of a new clean vehicle before 2033), the purchase of a qualified commercial clean vehicle (business tax credit of up to $40,000 for the purchase of a commercial clean vehicle before 2033), and alternative fuel vehicle refueling property (tax credit of up to $1,000 for individuals or up to $100,000 for businesses for the installation of property before 2033 used to store or dispense clean-burning fuel or to recharge electric vehicles).
Recent actions
- Jan 9, 2025 Referred to the House Committee on Ways and Means.
- Jan 9, 2025 Introduced in House
- Jan 9, 2025 Introduced in House
Votes
No recorded votes are available for this bill.