Posted on 03/10/2015 7:04:55 AM PDT by nascarnation
Live in California and looking for more money in your wallet upon purchasing a green vehicle? The state’s legislature just might make that wish come true.
The Los Angeles Times reports a bill sponsored by Assemblyman Phil Ting of San Francisco would reduce the sales tax on so-called clean vehicles from 7.5 percent to 3.06 percent. The reduction would be applied to EVs, PHEVs, FCVs and CNG-powered models.
Should the legislation become law, over $92 million in tax revenue would disappear between 2016 and 2020, when the law rides off into the sunset; the figure is based on 60,000 PHEVs and EVs sold in 2014 for the national average transaction price of $34,725 per vehicle. Said revenue could be regained through California’s cap-and-trade carbon emissions credits program, currently holding $969 million as of February 18 per the California Air Resources Board.
The bill, which failed in 2013 due to funding concerns amid a shaky economic environment, will go through the committee process before arriving on the Assembly floor for voting later this year.
On the plus side, it’ll generate a lot of business for car washes....
Well played!
Hmmm...so my F150 passes its smog check with flying colors...zero emissions per the standard. Is a pretty damned efficient vehicle to produce, little in the way of hazardous materials or processes when compared to battery cars...
Yet, because I don’t buy an auto that does almost all of its polluting on the front end, I get to pay more in sale taxes.
So when the time comes to replace the ~$5k battery pack, just where does it go? Oh wait, pixie dust will make it just “disappear”.
If they really wanted to help me get “greener”, they’d give us back our ethanol free fuel...I lost almost 5 mpg when they switched over to that crap...so now I burn more fuel to do the same amount of “work”. [yeah, I know, it’s all about the tax “revenue”, but it shows the hypocrisy.]
Yep, makes perfect CA “sense”...carry on.
Not going to happen. When was the last time a Democrat actually proposed a tax cut?
When the unicorns arrived.
That’s racist... and discriminatory.
Typical lib program.
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