SB 202
Creates a tax credit for the use of idle reduction technology
Sponsor:
LR Number:
0511S.01I
Committee:
Last Action:
1/17/2007 - Second Read and Referred S Ways & Means Committee
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2007

Current Bill Summary

SB 202 - This act creates an income tax credit equal to fifty percent of the amount a taxpayer paid to purchase and install idle reduction technology on a class 8 truck. The maximum amount of the tax credit is $3,500 per truck. The tax credit is nontransferable and nonrefundable, but may be carried forward up to three years until completely claimed.

The provisions of the act automatically sunset two years after August 28, 2007, unless reauthorized.

JASON ZAMKUS

Amendments