S. 536: Fair SHARE Act of 2025
A Senate bill (S.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | Senate bill (S.) |
| Originating chamber | Senate |
| Introduced | 2025-02-12 |
| Sponsor | Sen. Fischer, Deb [R-NE] |
| Policy area | Taxation |
| Cosponsors | 2 |
| Latest action | 2025-02-12 — Read twice and referred to the Committee on Finance. |
| Last updated | 2025-12-05 |
Summary
Official summary (Introduced in Senate, 2025-02-12):
Fair Sharing of Highways and Roads for Electric Vehicles Act of 2025
This bill imposes a new excise tax in the amount of $1,000 on the sale of an electric vehicle and a new excise tax in the amount of $550 on the sale of a battery module weighing over 1,000 pounds for use in an electric vehicle. The bill also requires the Department of the Treasury to transfer amounts collected from the new excise taxes to the Highway Trust Fund. (The Highway Trust Fund, which supports surface transportation programs and projects, is funded by transportation-related excise taxes.)
The bill defines electric vehicle as a light-duty vehicle (a motor vehicle weighing less than 8,500 pounds that is manufactured for use on public roads) that is powered by a battery with a capacity of at least seven kilowatt hours and is recharged through an external source of electricity. Under the bill, the excise tax does not apply to hybrid vehicles, which are powered by a combination of fuel and a rechargeable energy storage system.
The bill defines battery module as a module with two or more battery cells configured to create voltage or current (or no battery cells) and with an aggregate capacity of at least seven kilowatt hours (or one kilowatt hour for a hydrogen fuel cell vehicle).
Cosponsors (2)
| Name | Party / state |
|---|---|
| Pete Ricketts | R NE (original cosponsor) 2025-02-12 |
| Cynthia M. Lummis | R WY (original cosponsor) 2025-02-12 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for S. 536 are published by Congress on congress.gov.
Frequently asked questions
What is S. 536?
S. 536 is a Senate bill (S.) introduced in the 119th U.S. Congress, originating in the Senate. Official title: Fair SHARE Act of 2025.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for S. 536 are available on congress.gov.
Bill data: congress.gov API (official congressional records).