EV, Senators and one tax credit

Republicans call to add $1,000 tax on new EVs, end tax credit
The EV tax credit isn’t just one tax credit, but three different EV affordability credits —and, some would say, subsidizing the American industry behind them. In addition to IRS 30D, commonly known as the EV tax credit, the bill includes the Used Clean Vehicle Credit (25E) for used EVs, and the Commercial Clean Vehicle Credit (45W) for fleet EVs.
Senators propose killing US EV tax credit, new $1,000 tax for road repairs
Nvidia reduced its stake in British chip firm Arm Holdings by about 44% and exited its holdings in Serve Robotics and SoundHound AI in the fourth quarter, a regulatory filing showed on Friday.
US Senate bill could end tax credits for EV owners
The State of Illinois and its officials have supported electric vehicle (EV) owners for years, but some of the federal government’s support may come to an end with a new bill. The U.S. Senate Majority Leader John Barrasso,
Republican senator introduces bill to kill EV subsidy
A member of Republican leadership in the U.S. Senate on Wednesday introduced legislation to get rid of a tax credit that can provide consumers a subsidy of up to $7,500 toward the purchase of certain electric vehicles.
Senate Republicas propose bills to kill EV tax credit, add road repairs tax
Senate Republicans introduced a pair of bills on Wednesday aiming to strip the country of its electric vehicle (EV) tax credits and instead replace it with an obligatory $1,000 tax payment to be used for repairing roads.
Congressional Republicans Want New EV Road Tax, Use Bogus Numbers To Justify It
Congressional Republicans have proposed a two-tier tax on EVs. It would include a flat $1,000 fee as well as a separate $550 fee for heavy batteries. Documentation supporting the legislation is full of false and misleading information.
Newsweek1mon
IRS Issues Warning to Taxpayers About Popular Fuel Tax Credit
Ashley Parks is an Associate Editor at Newsweek based in North Carolina. Her focus is on personal finance, particularly covering debt, banking and Gen Z money. Ashley joined Newsweek in 2024 after ...
Taking tax advice from TikTok could delay your refund, IRS warns
Taking tax advice from TikTok can come back to bite you, experts say. The IRS is cracking down on "other withholding" claims.
NH Business Review11h
(Opinion) NH fuels life sciences by increasing R&D tax credit
Passing SB 276 will provide the push for the state of New Hampshire to become a national hub of life sciences.
Detroit Free Press on MSN8d
Shady tax scams circulating on social media could bring big penalties, delayed refunds
Bad tax information on social media, aggressive marketing tactics, and "ghost" tax preparers can create huge headaches with ...
JD Supra1d
Treasury and IRS Release Guidance on Clean Fuel Production Credit
The U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) have released a notice of intent to propose regulations and ...
businesstech.co.za22h
The end of medical aid tax credits and fuel levy hikes – what to expect next week
Finance Minister Enoch Godongwana is facing a R20 billion hole in the budget and will likely turn to the usual tax suspects ...
US hydrogen credit ruling allows developers to move forward
Final tax credit guidelines from the Biden administration reward cleaner hydrogen projects regardless of technology but ...
JD Supra11d
Questions and Answers: Initial Section 45Z Clean Fuel PTC Guidance
The U.S. Department of the Treasury and IRS on Jan. 10, 2025, released initial guidance regarding the production tax credit (PTC) for clean ...