Provides a half exemption for the sale of the first $35,000 for a battery, electric, or plug-in hybrid electric vehicle from state sales and.
The bill amends the tax law to provide a half exemption for the sale of the first $35,000 for a battery, electric, or plug-in hybrid electric vehicle from state sales and compensating use taxes. It offers a full exemption on such sales where the vehicle was assembled in the United States utilizing union labor. Local governments are authorized to elect such incentives. The hybrid exemption is repealed after ten years.
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