2005 Senate Bill 704

Tax breaks for alternative energy fleet vehicles

Introduced in the Senate

Aug. 31, 2005

Introduced by Sen. Cameron Brown (R-16)

To authorize a Single Business Tax credit for businesses that purchase or lease alternative energy vehicles as fleet cars. This would be a $1,000 per vehicle credit against the firms SBT liability. A firm must have a fleet of at least 25 vehicles. The credit could be carried forward to future years if the firm owed less than $1,000 in tax.

Referred to the Committee on Technology and Energy