2008 House Bill 2694 (Expand tax credit for alternative energy vehicles)

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• Introduced in the House on January 28, 2008, to make vehicles powered by natural gas or electricity eligible for a $750 income tax credit. Currently, the credit is available for vehicles fueled by liquids produced from grain starch, oil seeds, animal fat, or other biomass.
  • Referred to the House Taxation Committee on January 29, 2008.
    • Reported to the House on March 26, 2008, recommending passage of a substitute bill, to replace the previous version of the bill with one that revises details based on extensive testimony and "fine tuning." The substitute bill would: adopt the expanded definition of "alternate fuel" vehicles that was in the original bill; provide for a $500 tax credit for purchasing alternate fuel vehicles, but expand its scope to include vehicles that run on a fuel mix of at least 20 percent ethanol; allow, alternatively (for those who choose to calculate the tax incentive differently), an increased income tax credit allowed for the "incremental or conversion" cost of vehicles that run on alternate fuels; require publication to consumers at the point of sale all related income tax incentives available; and, allow people to take the incentive as a state-issued fuel debit card rather than as a tax credit.
  • Amendment offered by Rep. Raj Goyle on April 1, 2008, to create a new refundable income tax credit, retroactive to 2007, that is equal to unreimbursed expenses up to $10,000 related to the donation, while living, of human organs. The amendment passed in the House by voice vote on April 1, 2008.
  • Amendment offered by Rep. Tom Holland on April 1, 2008, to expand the current adoption income tax credit, retroactive to 2004. Eligible taxpayers could claim the existing credit as well as an additional $1,500 state credit available under certain circumstances for the adoption of children who are wards of the state or who are special-needs children. The amendment passed in the House by voice vote on April 1, 2008.
  • Amendment offered by Rep. Anthony Brown on April 1, 2008, to amend the definition of "flexible fuel" motor vehicle to mean those capable of operating on at least 20 percent ethanol fuel blends. The amendment passed in the House by voice vote on April 1, 2008.
• Passed in the House (92 to 33) on April 2, 2008, to expand the scope or increase tax breaks for buying alternate-fuel vehicles, for donating human organs, and for adopting orphans and special needs children. [Vote Details and Comments]
• Received in the Senate on April 2, 2008.
  • Referred to the Senate Assessment and Taxation Committee on April 3, 2008.

Comments

Introduced in the House on January 28, 2008. Passed in the House (92 to 33) on April 2, 2008. New Comment