22 Apr '13, 2pm

California Bill Proposes Lower Sales Tax for Plug-in Cars

California Bill Proposes Lower Sales Tax for Plug-in Cars

All plug-in cars would get cheaper in California, if AB 1077 is passed. An official press event was held on Friday to promote a bill that would change the way electric cars and other alternative vehicles are valued for taxation and vehicle licensing purposes. Supported by EV advocates as well as automakers, Californian Assemblyman Al Muratsuchi's bill would reduce the basis for taxes and fees applied to plug-in cars by using the post-incentive transaction valuation for the car, not the pre-incentive sticker price. Californian Assembly Bill AB1077 was introduced on February 22. The result would be to effectively drop in the price of buying a plug-in car of between $500 and $1,000, depending on the car being purchased. The press event took place at Hermosa Beach city hall, just south of Los Angeles International Airport. It was attended by representatives from Plug-in Americ...

Full article: http://www.plugincars.com/plug-car-cheaper-tax-california...

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