SENATE DOCKET, NO. 32        FILED ON: 1/9/2013

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1370

The Commonwealth of Massachusetts

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PRESENTED BY:

Michael O. Moore

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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act relative to propane powered vehicle tax credit.

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PETITION OF:

SENATE DOCKET, NO. 32        FILED ON: 1/9/2013

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1370

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 1484 OF 2011-2012.]

The Commonwealth of Massachusetts

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In the Year Two Thousand Thirteen

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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.