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GA HB257
Bill
Status
Engrossed
3/3/2014
Primary Sponsor
Charles Martin
Click for details
AI Summary
- Amends Georgia Code Section 48-7-40.16 to cap the total aggregate amount of state income tax credits for low-emission and zero emission vehicles at $10 million per fiscal year
- Retains the existing tax credit of 10% of vehicle cost or $2,500 (whichever is less) for new low-emission vehicles purchased or leased and registered in Georgia
- Retains the existing tax credit of 20% of vehicle cost or $5,000 (whichever is less) for new zero emission vehicles purchased or leased and registered in Georgia
- Effective date of July 1, 2014
Legislative Description
Income tax; change certain definitions
Last Action
House Agrees Senate Amend or Sub As Amended
3/20/2014
Full Bill Text
No bill text available