Bill > HB140

This bill creates the Clean Car Income Tax Credit, the Clean Car Charging Unit Income Tax Credit, the Clean Car Corporate Income Tax Credit, and the Clean Car Charging Unit Corporate Income Tax Credit. The income tax credits provide financial incentives for individuals and businesses to purchase electric vehicles, plug-in hybrid electric vehicles, fuel cell vehicles, and install electric vehicle charging units or fuel cell charging units. The credits are available from 2024 to 2030, with the credit amounts decreasing over time. The bill also includes provisions for applying for and claiming the credits, and specifies that the credits are repealed effective January 1, 2031.

Agriculture and Natural Resources

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=140&year=24