HB 2157 -- Income Tax:  Credit for Alternative-Fuel Vehicles and
Fueling Stations

Co-Sponsors:  Dougherty, Wiggins

This bill authorizes an income tax credit for the purchase of
alternative fuel vehicles and an income tax credit for placing
into service alternative-fuel fueling stations.

The income tax credit for purchasing an alternative-fuel vehicle
will be the lesser of 40% of the incremental cost of the vehicle
or:  $2,400 for a vehicle with a licensed gross weight of less
than 10,000 pounds; $4,000 for a vehicle with a licensed gross
weight between 10,000 and 26,000 pounds; and $40,000 for a
vehicle with a licensed gross weight of greater than 26,000
pounds.  Any unused tax credits may be carried forward up to 3
years if the vehicle owner maintains a current vehicle license
and registration.

The income tax credit for taxpayers who place into service
alternative-fuel fueling stations will be equal to the lesser of
40% of the amount expended for each qualified fueling station or
$160,000.  Any unused credit may be carried forward 3 years if
the taxpayer maintains the station during the 3-year period.