Everyone who has even a passing familiarity with the $5,000 ZEV Georgia State Income Tax Credit knew the pressure would be on to: a). kill it. b). save it or c). transform it. Well it looks like all three are going to be debated at the State Capitol during the 2015 Georgia State Legislative Session.
HB 220 sponsored by Ben Harbin (R- Evans) seeks to reduce the tax credit, broaden it to plug in hybrids, set an annual cap and sunset the tax credit by 2019. http://www.legis.ga.gov/Legislation/en-US/display/20152016/HB/220.
HB 122 which calls for an immediate repeal of the tax credit effective July 1, 2015, sponsored by Chuck Martin (R-Alpharetta) http://www.legis.ga.gov/Legislation/en-US/display/20152016/HB/122
HB 176 sponsored by Tommy Benton (R-Jefferson) which seeks to broaden the tax credit to include gas-hybrids, high mileage cars and future hydrogen Fuel Cell Vehicles. Annual cap is $10 million and $2,000 credit only applies to Hydrogen Fuel Cell vehicles in 2017 and beyond. http://www.legis.ga.gov/Legislation/en-US/display/20152016/HB/176
Here’s a handy PDF which summarizes and compares the three Bills being processed by the House Ways and Means Sub-committee as early as this week: Comparison of Electric Vehicle Georgia Assembly Bills
In addition the House Transportation Committee passed HB 170 bill which includes the language from HB 122 (eliminate EV Tax Credit) as part of the transportation funding proposal in addition to assessing EV drivers a $200.00/year road use fee. http://www.legis.ga.gov/Legislation/en-US/display/20152016/HB/170
Next week all three Bills in the Ways and Means Committee are expected to be addressed. Check back to see what is happening with these Bills.