The battle over early termination of the U.S. income-tax credit for purchase of an electric car took a new turn on Thursday. HR1, the draft Tax Cut and Jobs Act introduced in the House of Representatives, would end the credit as of December 31. The U.S. Senate version of the tax-reform bill introduced late Thursday, however, retains the credit... Senate tax plan leaves electric-car purchase credit in place
The battle over early termination of the U.S. income-tax credit for purchase of an electric car took a new turn on Thursday. HR1, the draft Tax Cut and Jobs Act introduced in the House of Representatives, would end the credit as of December 31. The U.S. Senate version of the tax-reform bill introduced late Thursday, however, retains the credit...