Section 1 Short title
This Act may be cited as the “Electric Vehicle Charging Helps Access to Renewable Green Energy Act of 2021” or the “EV CHARGE Act of 2021”.
Electric Vehicle Charging Helps Access to Renewable Green Energy Act of 2021
A BILL
To amend the Internal Revenue Code of 1986 to modify the alternative fuel refueling property credit.
Sec. 2 Alternative fuel refueling property credit
In general— Section 30C(g) of the Internal Revenue Code of 1986 is amended by striking “December 31, 2021” and inserting “December 31, 2026”.
Additional credit for certain electric charging property—
In general— Section 30C(a) of such Code is amended—
by striking “equal to 30 percent” and inserting the following:
“(1) 30 percent”
by striking the period at the end and inserting “, plus”, and
by adding at the end the following new paragraph:
“(2) 20 percent of so much of such cost as exceeds the limitation under subsection (b)(1) that does not exceed the amount of cost attributable to qualified alternative vehicle refueling property (determined without regard to paragraphs (1), (2)(A), and (2)(B) of subsection (c)) which—
“(A) is intended for general public use and recharges motor vehicle batteries with no associated fee or payment arrangement,
“(B) is intended for general public use and accepts payment via a credit card reader, or
“(C) is intended for use exclusively by fleets of commercial or governmental vehicles.”
Conforming amendment— Section 30C(b) of such Code is amended—
by striking “The credit allowed under subsection (a)” and inserting “The amount of cost taken into account under subsection (a)(1)”,
by striking “$30,000” and inserting “$100,000”, and
by striking “$1,000” and inserting “$3,333.33”.
Effective date— The amendments made by this section shall apply to property placed in service after December 31, 2021.