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NC H128
Bill
Status
2/15/2023
Primary Sponsor
Keith Kidwell
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AI Summary
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Imposes a flat tax of 1.2¢ per mile on fuel cell electric vehicles registered in North Carolina, calculated based on miles traveled in the previous calendar year, beginning January 1, 2024
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Tax rate adjusts annually starting January 1, 2025, based on a percentage calculated under existing motor fuel tax provisions
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Payment requirements vary by vehicle owner: individuals not required to file income tax return must file by April 15; individuals and corporations required to file income tax returns must pay the tax on their respective income tax returns
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Department of Revenue may verify mileage reported using Division of Motor Vehicles title and safety inspection records
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Department of Revenue and Department of Transportation must enter into a memorandum of understanding to administer the tax; act becomes effective January 1, 2024
Legislative Description
Electric Vehicle Highway Use Equalization Tax
Conservation; Fuels; Motor Vehicles; Public; Revenue Dept.; Roads & Highways; Taxation; Taxes
Last Action
Ref to the Com on Transportation, if favorable, Finance, if favorable, Rules, Calendar, and Operations of the House
2/16/2023