SB574 - Reauthorizes the alternative fuel tax credit for six years and adds electric vehicles recharging properties to the list of eligible properties

SB 574

Reauthorizes the alternative fuel tax credit for six years and adds electric vehicles recharging properties to the list of eligible properties

Sponsor:

Munzlinger

LR Number:

4616S.01I

Committee:

Jobs, Economic Development and Local Government

Last Action:

1/16/2014 - Second Read and Referred S Jobs, Economic Development and Local Government Committee

Journal Page:

S103

Title:

Calendar Position:

Effective Date:

August 28, 2014

Current Bill Summary

SB 574 - For calendar years 2009 to 2012, persons installing and operating an alternative fuel refueling property were eligible for an income tax credit. This act reauthorizes the tax credit for calendar years 2015 to 2020. A cap of one million dollars per year is set for the tax credit. Electric vehicle recharging properties are added to the types of properties eligible for the tax credit.

This act is similar to HB 1610 (2014). This act is similar to a provision contained in HCS/HB 1640 (2014), the perfected version of HB 1684 (2014), the perfected version of HCS/HB 2141 (2014), and CCS/SCS/SB 729 (2014).

MIKE HAMMANN

Amendments