How S 4021 changes current law

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill establishes a new tax credit for businesses purchasing zero-emission electric lawn, garden, and landscape equipment.

• Internal Revenue Code of 1986, Section 48F

  ``SEC. 48F. ZERO-EMISSION ELECTRIC LAWN, GARDEN, AND LANDSCAPE EQUIPMENT CREDIT....''

  This adds a new section that provides a tax credit for zero-emission electric lawn and garden equipment.

• Internal Revenue Code of 1986, Section 6417(b)

  ``(13) The credit for zero-emission electric lawn, garden, and landscape equipment under section 48F.''

  This allows for elective payment of the new tax credit in section 48F.

• Internal Revenue Code of 1986, Section 6418(f)(1)(A)

  ``(xiii) The credit for zero-emission electric lawn, garden, and landscape equipment under section 48F.''

  This allows for the transfer of the new tax credit in section 48F.

• Internal Revenue Code of 1986, Section 46

  ``and'' → ``and''

  This adds the new credit for zero-emission electric lawn, garden, and landscape equipment to the list of credits under section 46.

• Internal Revenue Code of 1986, Section 49(a)(1)(C)

  ``and'' → ``and''

  This adds the basis of zero-emission electric lawn, garden, and landscape equipment under section 48F to the adjusted basis calculations.

• Internal Revenue Code of 1986, Table of sections for Subpart E

  ``Sec. 48F. Zero-emission electric lawn, garden, and landscape equipment credit.''

  This includes the new section 48F in the table of sections for easy reference.