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HB469

Electric vehicle; establishes tax credit on purchase or lease price.

Status:
Killed

Chief Patron:
David Reid (D)

Session:
2018 Regular Session

Summary

As Introduced. Electric vehicle tax credit.

Establishes for taxable years beginning on and after January 1, 2018, a tax credit in the amount of 10 percent of the purchase or lease price of an electric vehicle. The bill defines "electric vehicle" and provides that the credit is nonrefundable, may be carried forward for three years, and shall not exceed $3,500 per taxpayer. The bill requires the Department of Taxation to cease issuing tax credits for electric vehicles when 20 percent of vehicles registered in Virginia are electric or in taxable year 2023, whichever is sooner. (Less)

  • Bill History

  • 01/07/2018 - House: Prefiled and ordered printed; offered 01/10/18 18103418D
  • 01/07/2018 - House: Referred to Committee on Finance
  • 01/26/2018 - House: Impact statement from TAX (HB469)
  • 02/01/2018 - House: Assigned Finance sub: Subcommittee #3
  • 02/02/2018 - House: Subcommittee recommends passing by indefinitely (5-Y 3-N)
  • 02/13/2018 - House: Left in Finance

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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