Bill > SB1206

This bill authorizes a tax credit for the purchase of electric vehicles and previously-owned clean vehicles. The tax credit will be $2,500 for new electric vehicles and up to 10% of the purchase price (up to $1,000) for previously-owned clean vehicles with a sale price of $25,000 or less. The tax credits can be carried forward for up to three years but are non-refundable and cannot be transferred. The bill requires the Department of Revenue to promulgate rules to administer the tax credit program, and the tax credit provisions will automatically sunset in six years unless reauthorized by the General Assembly.

Budget and Finance

https://www.senate.mo.gov/24info/BTS_Web/Bill.aspx?SessionType=R&BillID=301