summary
Introduced
02/14/2023
02/14/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
03/18/2023
03/18/2023
Introduced Session
2023 Regular Session
Bill Summary
Electric Vehicle Tax Credit
AI Summary
This bill establishes an electric vehicle income tax credit and an electric vehicle charging unit income tax credit in New Mexico. The electric vehicle income tax credit provides a $2,500 credit for the purchase or lease of an electric vehicle, with a $4,000 credit for low-income taxpayers. The bill also imposes additional registration fees for electric and plug-in hybrid electric vehicles to fund transportation projects. The bill applies the tax credits starting in 2023 and the registration fees starting in 2024.
Committee Categories
Agriculture and Natural Resources
Sponsors (4)
Last Action
House Taxation & Revenue Committee (08:30:00 2/22/2023 Room 317) (on 02/22/2023)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=412&year=23 |
| BillText | https://www.nmlegis.gov/Sessions/23%20Regular/bills/house/HB0412.pdf |
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