Description
Text for H.R.1019 - 117th Congress (2021-2022): E-BIKE Act
Summary
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- Introduced in House (02/11/2021) 117th CONGRESS1st Session H. R. 1019 To amend the Internal Revenue Code of 1986 to provide a credit for the purchase of certain new electric bicycles.
- 36C.
- Electric bicycles.
- “( 1) DOLLAR LIMITATION.—In the case of any taxpayer for any taxable year, the credit allowed under subsection (a) shall not exceed the excess (if any) of— “(A) $1,500 (twice such amount in the case of a joint return), reduced by “(B) the aggregate credits allowed to the taxpayer under subsection (a) for the 2 preceding taxable years.
- “(