ELITE Vehicles Act repeals tax credits for new, previously-owned, and commercial clean vehicles.
The ELITE Vehicles Act repeals tax credits for new, previously-owned, and commercial clean vehicles. It removes sections 30D, 25E, and 45W from the Internal Revenue Code of 1986, which previously provided credits for new, previously-owned, and commercial clean vehicles, respectively. The changes apply to vehicles purchased or under contract after 30 days from the act's enactment.
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