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SENATE DOCKET, NO. 32 FILED ON: 1/9/2013 SENATE . . . . . . . . . . . . . . No. 1370
The Commonwealth of Massachusetts _________________ PRESENTED BY: Michael O. Moore _______________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying: An Act relative to propane powered vehicle tax credit. _______________ PETITION OF:
SENATE DOCKET, NO. 32 FILED ON: 1/9/2013 SENATE . . . . . . . . . . . . . . No. 1370
[SIMILAR MATTER FILED IN PREVIOUS SESSION
An Act relative to propane powered vehicle tax credit. Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows: SECTION 1. Chapter 63 of the Massachusetts General Laws is hereby amended by adding after section 38BB the following new section:- Section 38CC. (a) There shall be established a propane powered vehicle tax credit program under which a domestic or foreign corporation that holds a certificate of licensure as a common carrier of passengers pursuant to chapter 159A may be allowed a refundable tax credit based on the cost of converting their fleet of motor vehicles to propane propelled vehicles. The credit may be claimed against the taxes due pursuant to this chapter. (b) The commissioner of the department of public utilities, in consultation with the commissioner of revenue, shall adopt regulations for the implementation, administration and enforcement of this section. (c) The total cumulative value of the tax credits authorized pursuant to this section shall not exceed $4,000,000 annually. (d) This provisions of this section shall expire upon January 1, 2016. |
