Draft tax bill eliminates credit for all electric-car buyers: report

The process of drafting a so-called tax reform bill has been shrouded in mystery, with even Republican congressmembers admitting they didn’t know what provisions it would contain.

But according to a report on Thursday, the draft of the Tax Cuts and Jobs Act proposed in the House of Representatives on Thursday immediately eliminates the income-tax credit of up to $7,500 for purchase of a plug-in electric vehicle.

That provision, enacted in 2008 even before President Barack Obama was elected, is deeply enmeshed in the current tax code.

via Green Car Reports Draft tax bill eliminates credit for all electric-car buyers: report (updated)

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