The electric vehicle tax credit debate simply will not go away! Last week Georgia General Assembly House of Representatives member, Margaret Kaiser (D-Atlanta) and her Democrat co-sponsors introduced HB 877 GA Gen Assembly HB 877 EV & EVSE Tax Credits which provides the following:
1). Three year program with tax credit level changing at the 18 month mark and an annual $30 Million Tax Credit Cap. Tax Credit would run from July 1, 2017 to December 31, 2019.
2). Tax Credits for EV’s with battery size of 4.0 to 10.0 kWh: $2,000 reducing to $1,000 on January 1, 2018. 10% Income Tax Credit against vehicle purchase price subject to these caps.
3). Tax Credits for EV’s with battery size >10.0 kWh: $3,000 reducing to $2,000 on January 1, 2018. 10% Income Tax Credit against vehicle purchase price subject to these caps.
4). Purchases and Leases are eligable. Ineligability for Georgia residents who were granted a tax credit ($5,000 ZEV tax credit reduced to $0 in 2015) the three prior years (2013-2015).
5). Tax Credit to business enterprises who install EV charging stations at 10% of the charger cost subject to a $2,500 cap. Defintion of business enterprise is clarified in HB200 which cleared the House in 2015 and is still with the Senate.
This legislation is substantially what was proposed under HB220 in last year’s session with the notable inclusion of the EV charging station and slightly lower caps. Now the Bill needs a Republican co-sponsor and the best candidate is Don Parsons (R-Marietta) who chairs the House Energy Utilities and Technology Committee and is a member of the tax related committees: Appropriations and Ways and Means.
Watch this blog for updates as we did last year! If you live in metro Atlanta and support EVs, email or call your Georgia House Representative this coming week.