Loading chat...

OK SB516

Bill

Official Source

Status

Introduced

2/7/2011

Primary Sponsor

Harry Coates

Click for details

Origin

Senate

2011 Regular Session

AI Summary

  • Expands the clean-burning motor vehicle fuel property tax credit to include costs of constructing and installing metered-for-fee public access electric vehicle recharging systems and private home/residence recharging systems
  • Limits taxpayers to claiming no more than 33 1/3% of the total accrued credit for recharging system construction and installation costs in any single tax year
  • The credit for qualifying recharging system property equals 75% of the cost (per-location basis)
  • Effective date of July 1, 2011, with an emergency clause for immediate implementation upon passage and approval

Legislative Description

Income tax credits; expanding type of property eligible for certain credit to include certain construction and installation costs; limiting manner in which credit may be claimed. Effective date. Emergency.

Revenue and Taxation

Last Action

Second Reading referred to Energy Committee then to Finance Committee

2/8/2011

Committee Referrals

Energy2/8/2011

Full Bill Text

No bill text available