Senate Bill 2420
117th Congress(2021-2022)
Electric Bicycle Incentive Kickstart for the Environment Act
Introduced
Introduced in Senate on Jul 21, 2021
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2420
Congress
117
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
Summary
Electric Bicycle Incentive Kickstart for the Environment Act or the E-BIKE Act
This bill allows a refundable tax credit for 30% of the cost of a qualified electric bicycle. The credit is limited to $1,500 per taxpayer less all credits allowed for the two preceding taxable years.
A qualified electric bicycle is a two- or three-wheeled vehicle that is, among other things, equipped with an electric motor of less than 750 watts that is capable of propelling such vehicle.
July 21, 2021
Sort by most recent
07/21/2021
Read twice and referred to the Committee on Finance.
07/21/2021
Introduced in Senate
Public Record
Record Updated
Jan 1, 2023 11:43:02 PM