Read 1st time March 1, 2000, and 1000 copies ordered printed.
ANNE C. WALKER, Chief Clerk
AN ACT
To amend chapter 301, RSMo, relating to alternative fuel motor vehicles by adding thereto one new section relating to the same subject.
Section A. Chapter 301, RSMo, is amended by adding thereto one new section, to be known as section 301.725, to read as follows:
301.725. 1. As used in this section, the following terms mean:
(1) "Alternative fuel motor vehicle", a vehicle meeting the safety standards of the National Traffic Safety Administration, including a neighborhood electric vehicle, which is either powered by gasoline and electricity with a fuel economy greater than sixty miles per gallon or is powered by electricity. The phrase shall not include golf carts, implements of husbandry, motorized wheelchairs or fork lifts;
(2) "Neighborhood electric vehicle", a vehicle with zero emission which is electrically powered and capable of a speed no greater than twenty-five miles per hour.
2. All alternative fuel motor vehicles shall be registered and titled pursuant to the provisions of this chapter, and shall be subject to all fees pertaining to motor vehicles in this state, including sales tax pursuant to chapter 144, RSMo.
3. Any manufacturer of an alternative fuel motor vehicle sold in this state shall make available to the public information on alternative fuel motor vehicles and incentives for purchasing or leasing alternative fuel motor vehicles in this state and shall provide with each alternative fuel motor vehicle a certificate which certifies that the vehicle is powered by electricity in whole or in part, and certifies that the vehicle, if powered in part by electricity and in part by gasoline, has a fuel economy in excess of sixty miles per gallon. Every sale of an alternative fuel motor vehicle in this state shall be accompanied by a manufacturer's certificate as described in the preceding sentence.
4. No person shall operate a neighborhood electric vehicle on any street, road or highway with a speed limit in excess of thirty-five miles per hour.
5. For all tax years beginning on or after January 1, 2001, but before December 31, 2005, a taxpayer who purchases or leases for a period of at least three years one or more alternative fuel motor vehicles for use in this state shall be allowed a nonrefundable credit against the tax otherwise due pursuant to chapter 143, RSMo, excluding sections 143.191 to 143.265, RSMo, in an amount equal to the lesser of nine thousand dollars or thirty percent of the cost of the alternative fuel motor vehicle or vehicles purchased. The balance of any unused tax credit may be carried forward to the taxpayer's next five tax years only if the taxpayer maintains a current registration and license on each alternative fuel vehicle for each tax year which such taxpayer carries the unused balance of the credit forward. The tax credit allowed by this section shall first be claimed on a taxpayer's tax return for the tax year of purchase of the vehicle or vehicles.
6. For all tax years beginning on or after January 1, 2001, but before December 31, 2005, a taxpayer who
constructs a facility which is available to the public for the purpose of recharging alternative fuel motor vehicles
shall be allowed a nonrefundable credit against the tax otherwise due pursuant to chapter 143, RSMo, excluding
sections 143.191 to 143.265, RSMo, in an amount equal to the lesser of twenty-five percent of the cost of
construction of the facility or twenty thousand dollars; provided that, the taxpayer submits proof of the actual
cost of facility construction to the department of revenue. The balance of any unused tax credit may be carried
forward to the taxpayer's next seven tax years only if the taxpayer's facility operates continuously for the purpose
for which it was constructed throughout the entire seven-year period during which such taxpayer carries the
unused balance of the credit forward. The tax credit allowed pursuant to this section shall first be claimed on a
taxpayer's tax return for the tax year in which construction of the facility was completed.
Missouri House of Representatives