SB 103 Reauthorizes the Alternative Fuel Stations Tax Credit and creates a tax credit for fleet conversions of vehicles to natural gas
Sponsor: Kraus
LR Number: 0701S.01I Fiscal Note not available
Committee: Jobs, Economic Development and Local Government
Last Action: 1/24/2013 - Second Read and Referred S Jobs, Economic Development and Local Government Committee Journal Page: S130
Title: Calendar Position:
Effective Date: August 28, 2013

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Current Bill Summary


SB 103 - This act reauthorizes the tax credit for alternative fuel stations. The credit is reauthorized for the period beginning January 1, 2014 and ending January 1, 2017.

A tax credit is created for entities that convert more than 25 vehicles in a one year period to run on a natural gas based fuel. This credit is valued at the lesser of $2,500 per vehicle or 10% of the conversion costs. The credit may be carried forward two years and may be transferred, assigned or sold. The credit is authorized for the period beginning January 1, 2014 and ending January 1, 2017.

The cumulative amount of alternative fuel station and natural gas conversion tax credits that may be claimed in a year is one million dollars.

This act sunsets on August 28, 2019.

This act is similar to a provision in HB 698 (2013), HB 795 (2013), and CCS/HCS/SB 51 (2013).

MIKE HAMMANN