summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation relative to tax credits for propane powered vehicles in the Commonwealth. Revenue.
AI Summary
This bill establishes a refundable tax credit program for domestic or foreign corporations that hold a certificate of licensure as a common carrier of passengers under Chapter 159A. The credit can be claimed against the corporation's taxes and is based on the cost of converting their fleet of motor vehicles to propane-powered vehicles. The Department of Public Utilities, in consultation with the Department of Revenue, will adopt regulations to implement, administer, and enforce the program. The total cumulative value of the tax credits is capped at $4,000,000 annually, and the provisions of this section will expire on January 1, 2019.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see S2497 (on 04/30/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://malegislature.gov/Bills/190/S1575 |
Bill | https://malegislature.gov/Bills/190/S1575.pdf |
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