Bill > A04761

This bill provides an exemption for the sale of the first $35,000 for a battery, electric, or plug-in hybrid electric vehicle from state sales and compensating use taxes. It also authorizes local governments to elect such exemptions. However, the hybrid exemption will be repealed after ten years. The key provisions of the bill are: 1. Exempting the first $35,000 of the retail sale or lease of a new or used battery, electric, or plug-in hybrid electric vehicle from state sales and compensating use taxes. 2. Allowing local governments (cities, counties, and school districts) to elect to provide the same exemption. 3. Repealing the exemption for plug-in hybrid electric vehicles after ten years, while maintaining the exemption for battery and electric vehicles. The bill defines a "battery, electric, or plug-in hybrid electric vehicle" as a motor vehicle that has four wheels, is primarily used on public roads, has an unmodified powertrain, is rated at not more than 8,500 pounds gross vehicle weight, has a top speed of at least 55 mph, and is propelled at least in part by an electronic motor and associated power electronics that draw electricity from a battery with a capacity of at least 4 kilowatt hours.