Louisiana 2013 2013 Regular Session

Louisiana Senate Bill SB256 Comm Sub / Analysis

                    Claitor (SB 256)	Act No. 219
Prior law granted a refundable tax credit against income tax for 50% of the cost of purchase
and installation of qualified clean-burning motor vehicle fuel property, or, as an alternative,
10% of the cost of a new motor vehicle or $3,000, whichever is less.
New law provides that nothing in the new law is to be construed to authorize a tax credit for
the cost of a purchase of, or conversion of a vehicle to, a flexible fuel vehicle that is designed
to run on an alternative fuel and either petroleum gasoline or petroleum diesel if the vehicle
has only a single fuel storage and delivery system and retains the capability to be propelled
by petroleum gasoline or petroleum diesel.
Effective upon signature of the governor (June 10, 2013).
(Amends R.S. 47:6035(C))