HCS HB 1326 -- INCOME 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, 2008, for an
individual who purchases a qualified hybrid vehicle manufactured
in the United States that is powered by a combination of an
electric motor and gasoline engine.  The deduction is limited to
the lesser of 10% of the vehicle's purchase price or $2,000.

The provisions of the substitute will expire December 31 six
years from the effective date.

FISCAL NOTE:  Estimated Cost on General Revenue Fund of Less than
$100,000 in FY 2009, FY 2010, and FY 2011.  No impact on Other
State Funds in FY 2009, FY 2010, and FY 2011.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:10 pm