HR 312 · 119th Congress · Taxation

Restoring Vehicle Market Freedom Act of 2025

Introduced 2025-01-09· Sponsored by Rep. Perry, Scott [R-PA-10]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2025-01-09)

Plain Language Summary

[AI summary unavailable — showing source text] Restoring Vehicle Market Freedom Act of 2025 This bill repeals federal tax credits for the purchase of certain clean vehicles (generally electric vehicles, plug-in hybrid vehicles, and fuel cell vehicles) and certain vehicle refueling property. Specifically, the bill repeals the federal tax credits for the purchase of a qualified used clean vehicle (tax credit of up to $4,000 for the purchase of a previously-owned clean vehicle before 2033), the purchase of a qualified new clean vehicle (tax credit of up to $7,500 for the purchase of a new clean vehicle before 2033), the purchase of a qualified commercial clean vehicle (business tax credit of up to $40,000 for the purchase of a commercial clean vehicle before 2033), and alternative fuel vehicle refueling property (tax credit of up to $1,000 for individuals or up to $100,000 for businesses for the installation of property before 2033 used to store or dispense clean-burning fuel or to recharge electric vehicles).…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

2 Republicans