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Bill > S1575


MA S1575

Relative to propane powered vehicle tax credit


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
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)

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