SB 202 Creates a tax credit for the use of idle reduction technology
Sponsor: Stouffer
LR Number: 0511S.01I Fiscal Note: 0511-01
Committee: Ways & Means
Last Action: 1/17/2007 - Second Read and Referred S Ways & Means Committee Journal Page: S115
Title: Calendar Position:
Effective Date: August 28, 2007

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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.