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AL HB243
Bill
Status
Introduced
2/12/2013
Primary Sponsor
Gregory Wren
Click for details
AI Summary
- Provides state income tax credits for tax years 2012 to 2017 for vehicles powered by compressed natural gas (CNG) or propane gas
- Credits available for up to 30 percent of the incremental cost of purchasing a CNG or propane gas powered vehicle compared to a non-CNG vehicle
- Credits available for up to 30 percent of the costs of converting an existing vehicle to use CNG or propane gas fuel
- Credits limited to the first 500 vehicles for each type of credit and may be carried forward for up to 10 additional tax years if unused
- Department of Revenue authorized to adopt rules for implementing and administering the tax credit program
Legislative Description
Tax Credit, vehicles equipped with compressed natural gas (CNG)
Taxation
Last Action
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
2/12/2013
Committee Referrals
Ways and Means Education2/12/2013
Full Bill Text
No bill text available