HCS HB 1092 -- TAX DEDUCTION FOR HYBRID VEHICLES (Sater)

COMMITTEE OF ORIGIN:  Special Committee on Energy and Environment

This substitute authorizes an individual income tax deduction,
for tax years beginning on or after January 1, 2006, for a
qualified hybrid vehicle that is powered by a combination of an
electric motor and gasoline engine.  The deduction is limited to
the lesser of 10% of the purchase price of the vehicle or $1,500.

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

FISCAL NOTE:  Estimated Cost on General Revenue Fund of More than
$136,802 in FY 2007, More than $135,331 in FY 2008, and More than
$136,217 in FY 2009.  No impact on Other State Funds in FY 2007,
FY 2008, and FY 2009.

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:42 am