HB699 Summary

• Creates income tax credits up to $1,500 for purchase of vehicles powered by compressed natural gas, liquefied natural gas, propane, or electricity, limited to 5,000 vehicles per fuel type, expiring five years after enactment.

• Provides income tax credits for refueling equipment installation at the lower of 30% of cost or specified dollar limits ($5,000 for compressed natural gas, $2,000 for propane, $500 for electricity), with five-year carryforward and five-year expiration.

• Establishes quarterly payments to biodiesel and cellulosic ethanol producers in Alabama ($900,000 quarterly for biodiesel, up to $1,250,000 quarterly for cellulosic ethanol) administered by the Center for Alternative Fuels, available for five years.

• Exempts alternative fuel vehicles from toll payments on Alabama Toll Road, Bridge, and Tunnel Authority facilities and prohibits insurance surcharges on such vehicles.

• Allows Department of Transportation to designate high occupancy vehicle lanes for low-emission and alternative fuel vehicles, and permits electric suppliers to provide charging stations without Public Service Commission rate jurisdiction.