Bill
Bill > H2585
MA H2585
Relative to encourage the use of alternative fuel heavy duty and medium duty vehicles
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 to establish an excise tax credit for the use of alternative fuels for heavy duty and medium duty vehicles. Revenue.
AI Summary
This bill establishes an excise tax credit for the use of alternative fuels (electricity, liquid petroleum gas, natural gas, or hydrogen) in heavy-duty and medium-duty commercial vehicles registered in Massachusetts. The tax credit is up to $20,000 for alternative fuel heavy-duty vehicles (over 26,001 pounds gross vehicle weight) and up to $12,000 for alternative fuel medium-duty vehicles (8,500 to 26,001 pounds gross vehicle weight). The total tax credit for a taxpayer or affiliated entity is capped at the lesser of their income tax liability or $250,000 per year, with unused credits carried forward to future years. The bill also authorizes the tax commissioner to promulgate rules and regulations to implement and administer the tax credit program.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a study order, see H4244 (on 02/22/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/H2585 |
| Bill | https://malegislature.gov/Bills/190/H2585.pdf |
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