A bill working its way through the California State Assembly wants to spur green car sales by cutting the sales tax on them by more than half. The legislation applies to EVs, hydrogen fuel cells, plug-ins and compressed natural gas models.
The assessment of a gas tax and the role it plays in a state's transportation and overall budgets has been a topic of discussion for a while, and Virginia state governor Bob McDonnell is the latest to offer up another way to secure more revenue from the state's residents to pay for their roads and public transportation. McDonnell's proposal would eliminate Virginia's 17.5-percent gas tax entirely, with funds for infrastructure projects coming from an increase in the sales tax from five percent t
While not every state offers as big a rebate on the Tesla Roadster as Colorado does, there is a federal tax credit of $7,500 available to people who buy the electric sports car. Drivers aren't the only ones that various governments want to help in getting electric vehicles on the road. Tesla Motors itself will benefit from a favorable bit of tax massaging by state of California Treasurer Bill Lockyer.
While we wait for the Cash-for-Clunkers bill to come out on the other side of Congress, there's already incentives available from the government that you can take advantage of when purchasing a new car. The main one is deducting the fees and taxes paid on a new car in next year's tax returns. Previously this tax deduction was available only in states that used a sales tax, but the U.S. Treasury announced this week that it would be extended to states without a sales tax like Alaska, Delaware, Haw
This week, Indiana Republicans called for further incentives in the state to promote alternative fuels such as ethanol. House Speaker Brian Bosma, R-Indianapolis, with the support of the GOP, proposed the following:
Missouri’s state House passed legislation last week that waived the state’s sales tax on vehicles built within its borders. Supporters hope the tax break will spurn residents to purchase more locally-assembled vehicles, ultimately encouraging automakers to build even more local facilities. Daimler-Chrysler's Chrysler Group, Ford Motor Company and General Motors already have plants in the "Show Me" state.