Exempts the first $35,000 of a battery, electric, or plug-in hybrid electric vehicle from state sales and compensating use taxes.

This bill amends the tax law to exempt the first $35,000 of a battery, electric, or plug-in hybrid electric vehicle from state sales and compensating use taxes. It authorizes local governments to elect such incentives. The exemption for hybrid vehicles will be repealed after ten years. The bill defines a qualifying vehicle as one with four wheels, primarily used on public streets, roads, and highways, with an unmodified powertrain, a gross vehicle weight of no more than 8,500 pounds, a maximum speed of at least 55 miles per hour, and an electronic motor that provides acceleration.

Exempts the first $35,000 of a battery, electric, or plug-in hybrid electric vehicle from state sales and compensating use taxes.

This bill amends the tax law to exempt the first $35,000 of a battery, electric, or plug-in hybrid electric vehicle from state sales and compensating use taxes. It authorizes local governments to elect such incentives. The exemption for hybrid vehicles will be repealed after ten years. The bill defines a qualifying vehicle as one with four wheels, primarily used on public streets, roads, and highways, with an unmodified powertrain, a gross vehicle weight of no more than 8,500 pounds, a maximum speed of at least 55 miles per hour, and an electronic motor that provides acceleration.