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S 2420 United States Senate · 117th Congress

Electric Bicycle Incentive Kickstart for the Environment Act

Summary
Electric Bicycle Incentive Kickstart for the Environment Act or the E-BIKE Act This bill allows a refundable tax credit for 30% of the cost of a qualified electric bicycle. The credit is limited to $1,500 per taxpayer less all credits allowed for the two preceding taxable years. A qualified electric bicycle is a two- or three-wheeled vehicle that is, among other things, equipped with an electric motor of less than 750 watts that is capable of propelling such vehicle.
Issues: ✓ Budget & TaxesSupports Budget & TaxesProvides refundable tax credit (30% up to $1,500) for electric bike purchases, directly reducing taxpayer liability per bill language.95% confidence ✓ EnergySupports EnergyBill promotes electric bicycles as clean transportation, reducing fossil fuel dependence and advancing energy efficiency through tax incentives.95% confidence ✓ EnvironmentSupports EnvironmentTax credit for electric bikes promotes cleaner transportation, reducing emissions and aligning with environmental protection goals.95% confidence ✓ TransportationSupports TransportationPromotes sustainable transportation by incentivizing e-bike purchases, aligning with environmental and mobility goals per bill's tax credit provision.85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jul 2021
Committee Review
Floor Vote
President
Introduced Jul 21, 2021 Last action Jul 21, 2021
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jul 21, 2021
Committee
Read twice and referred to the Committee on Finance.
upper
Jul 21, 2021
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
P
Photo of Brian Schatz
Brian Schatz
DDemocratic
HI
n/a
Co
Photo of Edward J. Markey
Edward J. Markey
DDemocratic
MA
n/a