S 232

112th CONGRESS
1st Session

S. 232

To amend the Internal Revenue Code of 1986 to increase the manufacturer limitation on the number of new qualified plug-in electric drive motor vehicles eligible for credit.

IN THE SENATE OF THE UNITED STATES

January 31, 2011

Mr. LEVIN introduced the following bill; which was read twice and referred to the Committee on Finance


A BILL

To amend the Internal Revenue Code of 1986 to increase the manufacturer limitation on the number of new qualified plug-in electric drive motor vehicles eligible for credit.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. INCREASE IN MANUFACTURER LIMITATION ON THE NUMBER OF QUALIFIED PLUG-IN ELECTRIC DRIVE MOTOR VEHICLES ELIGIBLE FOR CREDIT.

    Paragraph (2) of section 30D(e) of the Internal Revenue Code of 1986 is amended by striking `200,000' and inserting `500,000'.

END