To amend the Internal Revenue Code of 1986 to provide a credit for the purchase of certain new electric bicycles.
Summary
What This Bill Does
The bill creates credit for certain new electric bicycles Subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 36B the following new section: In the case and creates electric bicycles In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to 30 percent of the cost of each qualified. It relies on definition changes, appropriations, tax credits, and reporting requirements. The main policy areas are Electric Utilities, Finance, Energy, and Transportation.
Who Benefits and How
Transportation operators and users affected by the bill could face lower compliance burdens, Electric utilities and power customers affected by the bill could face lower compliance burdens, and Businesses and employers affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties.
Key Provisions
- Creates credit for certain new electric bicycles Subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 36B the following new section: In the case...
- Creates electric bicycles In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to 30 percent of the cost of each qualified...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates credit for certain new electric bicycles Subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 36B the following new section: In the case and creates electric bicycles In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to 30 percent of the cost of each qualified.
Key Policy Areas
Electric Utilities, Finance, Energy, Transportation
Primary Purpose
The bill creates credit for certain new electric bicycles Subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 36B the following new section: In the case and creates electric bicycles In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to 30 percent of the cost of each qualified.
Policy Domains
Whole bill
Identified Gains
- Transportation operators and users affected by the bill
- Electric utilities and power customers affected by the bill
- Businesses and employers affected by the bill
- Lobbyists, political organizations, and disclosure users affected by the bill
- Environmental and public health interests affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
Sponsors
Legislative Progress
IntroducedMr. Panetta (for himself, Mr. Blumenauer, Mr. Thompson of California, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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