HB 226 -- Tax Credit on Hybrid Vehicles

Sponsor:  Sater

This bill authorizes an individual income tax credit for the
purchase price of qualified hybrid vehicles that are powered by a
combination of an electric motor and gasoline engine.  The credit
is limited to the lessor of 10% of the purchase price of the
vehicle or $2,500, and cumulative tax credits cannot exceed $5
million for any fiscal year.  The credit is not refundable but
may be carried over for four years.

The provisions of the bill will expire six years from the
effective date.

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:18 pm