SB18-047

SB18-047 - Repeal Tax Credits Innovative Vehicles

Postponed Indefinitely
Concerning the repeal of income tax credits for innovative motor vehicles for purchases and leases entered into on or after January 1, 2019, and, in connection therewith, making an appropriation.

The bill repeals the income tax credits for innovative motor vehicles and innovative trucks for purchase and leases entered into on or after January 1, 2019.

For the 2018-19 state fiscal year and each fiscal year thereafter through the 2020-21 state fiscal year, the bill requires the state controller to credit an amount of tax revenue estimated to be retained by the repeal of the income tax credits to the highway users tax fund.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

 

Latest update: April 18, 2018
04/18/2018 - House Committee on Transportation & Energy Postpone Indefinitely
03/27/2018 - Introduced In House - Assigned to Transportation & Energy
03/23/2018 - Senate Third Reading Passed - No Amendments
03/22/2018 - Senate Third Reading Laid Over Daily - No Amendments
03/21/2018 - Senate Second Reading Passed with Amendments - Committee
03/20/2018 - Senate Second Reading Laid Over Daily - No Amendments
03/15/2018 - Senate Second Reading Laid Over to 03/20/2018 - No Amendments
03/13/2018 - Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole
02/06/2018 - Senate Committee on Finance Refer Unamended to Appropriations
01/10/2018 - Introduced In Senate - Assigned to Finance