An Act To Provide a Tax Credit for the Purchase of a Hybrid or Clean Fuel Vehicle
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 36 MRSA §1760, sub-§90 is enacted to read:
90. Partial exemption for clean fuel vehicles. A portion of the sale or lease price of a clean fuel vehicle as follows:
A. That portion of the sale or lease price of a clean fuel vehicle sold by an original equipment manufacturer that exceeds the price of an identical vehicle powered by gasoline; or
B. When there is no identical vehicle powered by gasoline:
(1) Thirty percent of the sale or lease price of an internal combustion engine clean fuel vehicle; or
(2) Fifty percent of the sale or lease price of a clean fuel vehicle either fully or partly powered by electricity stored in batteries, generated by a dynamic flywheel or generated by a fuel cell on board the vehicle.
summary
This bill gives a sales tax exemption for a portion of the sale or lease price of a vehicle that is a clean fuel vehicle.