H4722 — An Act promoting fair tax treatment for zero-emission vehicles

Summary

An Act promoting fair tax treatment for zero-emission vehicles

Bill Text

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AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill adds provisions for determining the list price and sales price of certain zero-emission motor vehicles for tax purposes.

• Chapter 60A, Section 1

  For the purpose of this excise, the list price for the year of manufacture of a zero-emission motor vehicle that is purchased before January 1, 2035 and that is in vehicle classes 3 through 8, as defined by the Federal Highway Administration, shall be deemed to be the lesser of the actual list price or the median list price, as determined by the commissioner, of internal combustion engine motor vehicles of the same class, type and year of manufacture.

  This establishes a method for determining the list price of zero-emission vehicles for excise tax purposes.

• Chapter 64H, Section 25

  For the purposes of this chapter, the receipts from the sale at retail of a zero-emission motor vehicle that is purchased before January 1, 2035 and that is in vehicle classes 3 through 8, as defined by the Federal Highway Administration, shall be deemed to be the lesser of the actual sales price or the median sales price, as determined by the commissioner, of internal combustion engine motor vehicles of the same class, type and year of manufacture.

  This sets a standard for how the sales price of zero-emission vehicles is calculated for sales tax purposes.

Sponsors

• Amy Mah Sangiolo · Primary

Subjects