The U.S. Senate Finance Committee advanced legislation on Wednesday that would boost electric vehicle tax credits to as much as $12,500 for EVs that are assembled by union workers in the United States. The bill would limit tax credits to vehicles with a retail price below $80,000 to qualify for the tax credits. The current maximum tax credit is $7,500 with no maximum price and currently phases out for individual automakers once they hit 200,000 total EVs sold.
Income Support Associated With Improved Health Outcomes for Children, Many Studies Show | Center on Budget and Policy Priorities cbpp.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbpp.org Daily Mail and Mail on Sunday newspapers.
The Tax Credits (Immigration) Regulations 2003, Reg. 3(1), Case 5
People who are subject to immigration control can still claim CTC if they are:
nationals of a state with which the European Community has concluded an agreement for equal treatment for workers in the field of social security; and
lawfully working in the UK.
Currently, the countries covered by such agreements are Albania, Morocco, San Marino, Tunisia and Turkey.
This list is subject to change.
The requirement to be “lawfully working” in the UK can be satisfied by a person who does not have a restriction on working in the UK and is either:
Senate Committee Okays Bill To Boost Electric Vehicle Credits Up To $12,500 forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.