What the document says“Section 30D(h) is amended by striking "placed in service after December 31, 2032" and inserting "acquired after September 30, 2025".”
The section strikes the words placed in service after December 31, 2032 in section 30D(h) of the Internal Revenue Code of 1986 and inserts acquired after September 30, 2025.
What the document actually says“Section 30D(h) is amended by striking "placed in service after December 31, 2032" and inserting "acquired after September 30, 2025".”
Old wording is taken out of a tax rule. New wording is put in. It ends the credit for cars bought after September 30, 2025.
The test used to turn on when a car was put to use. Now it turns on when it was bought. The end date also moves in by seven years.
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