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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.