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GA HB877
Bill
Status
Introduced
1/28/2016
Primary Sponsor
Margaret Kaiser
Click for details
AI Summary
- Replaces the former "zero emission vehicle" category with a new "plug-in electric vehicle" definition, covering vehicles fully or partially powered by electricity with a minimum battery capacity of 4 kilowatt hours that can be recharged from an external source
- Establishes a tiered, phasing-down tax credit for plug-in electric vehicles registered in Georgia: from July 1, 2016 to December 31, 2017, credits are 10% of cost up to $2,000 (4–10 kWh battery) or $3,000 (over 10 kWh); from January 1, 2018 to December 31, 2019, credits decrease to up to $1,000 and $2,000, respectively
- Retains the existing 10% tax credit (up to $2,500) for new low-emission vehicles, vehicle conversions, and electric vehicle chargers purchased or leased by businesses in Georgia
- Caps total annual tax credits issued for plug-in electric vehicles at $30 million and prohibits a taxpayer from claiming a lease-based credit if they received one in the preceding three tax years
- Repeals the prior low-speed vehicle tax credit provisions and removes electricity (including solar) from the definition of "alternative fuel"
Legislative Description
Income tax credit; low-emission vehicles; plug-in electric vehicles; provide
Last Action
House Second Readers
2/2/2016
Full Bill Text
No bill text available