+1 212 318 2000
Europe, Middle East, & Africa
+44 20 7330 7500
+65 6212 1000
National Plug-In Day
occurred on September 29th this year. The annual event is designed to encourage the use of electric cars, as well as plug-in hybrid vehicles, by drivers across the country.
As part of the celebration, California Governor Jerry Brown signed six different pieces of legislation that offer various incentives to owners of electric vehicles. One bill, S.B. 454, makes charging stations easier to locate and makes them available to all electric vehicle drivers.
As the use of electric vehicles rises, some places like Palo Alto, California, are considering requiring all new homes to be wired for electric vehicle charging stations, reports ABC News. Palo Alto also happens to be the home of Tesla Motors, which manufactures electric vehicles.
Colorado amended its innovative motor vehicle tax credit earlier this year to clarify that the credit is allowed for vehicles such as the Chevrolet Volt and the Toyota Prius plug-in vehicles, notes a Bloomberg BNA Weekly State Tax Reportarticle.
However, starting in tax year 2014, the credit cap for motor vehicles converted to plug-in hybrid electric is decreased from $7,500 to $6,000.
In addition to California and Colorado, several other states offer tax credits and incentives for electric and hybrid vehicles such as Arizona, Colorado, Georgia, Hawaii, Illinois, Maine, Maryland, Michigan, Missouri, Nevada, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, Tennessee, Texas, Vermont, Virginia, Washington, West Virginia, and Wisconsin.
For more information about solar energy incentives, check out Bloomberg BNA’s Green Incentives Navigator.
In other developments . . .
New Jersey recently consolidated its tax incentive programs for job growth and economic development into two programs, GrowNJ and the Economic Redevelopment and Growth Program, which are extended until July 1, 2019, according to a Bloomberg BNA Weekly State Tax Reportarticle.
By: Kathleen Caggiano
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).