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Alternative Fuel Tax Credit

Bill #: H.3824

Session: 2023-2024

Topics:

Energy Energy

Outcome

CVSC supports this bill and it is active.

House 92-16

Introduced by Rep. Brandon Newton and a long list of bipartisan co-sponsors, the bill will add electricity to the definition of alternative fuel and would add electrical equipment to the definition of eligible property, in relation to the Alternative Fuel Property Income Tax Credit, which allows a taxpayer who owns, leases, or installs property that distributes, dispenses, or stores alternative fuel an income tax credit of 25% of the cost of the property.

Status: After passing the House, H.3824 was referred to the Senate Committee on Finance.