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Maryland Excise Tax Rebate
- Thread starter is95aus
- Start date
willow_hiller
Well-Known Member
Yes, my check was $2,142 for an SR+. Here's how it's calculated:
- Maximum of $100 per kWh battery, up to $3,000 (all Teslas qualify for the full $3,000 here).
- Rebate of sales tax paid. tl;dr: you can only get back what you paid in sales tax.
So no more money left 
if I apply next month(when I get a title) will they just hold until they get money?or I should wait until the site says they have money?
Titling - Excise Tax Credit for Plug-in Electric Vehicles
if I apply next month(when I get a title) will they just hold until they get money?or I should wait until the site says they have money?Titling - Excise Tax Credit for Plug-in Electric Vehicles
willow_hiller
Well-Known Member
First bills of 2020 introduced by the State House and Senate: Here's a Quick Look at the First Bills of the 2020 Session – Maryland Matters
No mention of the renewal of the EV Tax Rebate in any of the filed bills, as far as I could find. If anyone is still on the waitlist for credit, do write your representatives to renew the credit for 2020+.
No mention of the renewal of the EV Tax Rebate in any of the filed bills, as far as I could find. If anyone is still on the waitlist for credit, do write your representatives to renew the credit for 2020+.
So no more money left
Titling - Excise Tax Credit for Plug-in Electric Vehicles
Apply now, and you'll be in line for whenever the money is appropriated.
willow_hiller
Well-Known Member
To reiterate, funding for the tax rebate has not yet been re-appropriated for 2020 (FY2020 and FY2021).
Just reading through the Maryland Legislative Process right now: Maryland General Assembly - Legislative Process it seems like it is less likely for a funding bill to pass since it was not introduced in the First Readings of this year. That being said, it's not impossible.
Does anyone have contacts in the General Assembly? Are there any ZEV champions we could all reach out to to stress the importance of re-upping funding for all those EV owners on the waitlist?
Just reading through the Maryland Legislative Process right now: Maryland General Assembly - Legislative Process it seems like it is less likely for a funding bill to pass since it was not introduced in the First Readings of this year. That being said, it's not impossible.
Does anyone have contacts in the General Assembly? Are there any ZEV champions we could all reach out to to stress the importance of re-upping funding for all those EV owners on the waitlist?
good news. maryland clean cars act of 2020 is going through the legislative process!
Legislation - SB0277
Legislation - SB0277
Yes!! Bought my M3 in May, 2019 and was informed I was on the waiting list. Hope I made it for this years funding!
willow_hiller
Well-Known Member
I never got one for my 2 rebates in different years. I would assume this is not income, but a refund of sales tax paid.
willow_hiller
Well-Known Member
Thanks for this interpretation. It's hard to tell whether this is a "grant," "tax credit," "rebate," or "refund." In California, the consensus is that their EV credit is taxable income: Solved: Is the California electric vehicle rebate taxable income? The amount is $2500. But the California credit is more of a "state grant" than anything else.
If the Maryland tax credit is actually a tax refund, then it should only be taxable if you chose to deduct state taxes (and I'm not sure anyone is allowed to do that anymore). I imagine I will have to pay federal taxes on the Maryland state EVSE grant, however, since that's a pure grant.
I just want to make sure I'm crossing my T's and dotting my I's this year. I'm also applying for the Federal EV Tax Credit, and I have heard that claiming it can open you up to further audits.
I bought my Tesla Model 3 on Jan 25, 2019. On the home delivery date, your so called “Delivery Team Member” told me that Tesla will sign the Maryland VR-334 Exercise Tax Credit Form and sent it to MVA for me. Now, it is Feb 13, 2020, I called the MVA and they said they never received my VR-334 form. I will have to resend it to them. So, I have been waiting for a year and for nothing. Now, I even missed the Maryland Fiscal Year 2020 Funding Pool (It has depleted). If I had known Tesla didn’t sent VR-334 for me, I would have sent it myself. I wouldn’t have missed Fiscal Year 2020 Funding Pool. Don't trust the delivery person and make sure you sent the VR-334 form yourself.
I bought my Tesla Model 3 on Jan 25, 2019. On the home delivery date, your so called “Delivery Team Member” told me that Tesla will sign the Maryland VR-334 Exercise Tax Credit Form and sent it to MVA for me. Now, it is Feb 13, 2020, I called the MVA and they said they never received my VR-334 form. I will have to resend it to them. So, I have been waiting for a year and for nothing. Now, I even missed the Maryland Fiscal Year 2020 Funding Pool (It has depleted). If I had known Tesla didn’t sent VR-334 for me, I would have sent it myself. I wouldn’t have missed Fiscal Year 2020 Funding Pool. So, do yourself a favor, ignore the delivery guy and sent the form yourself.
willow_hiller
Well-Known Member
Sorry to hear that, I picked my 3 up from the Tesla at Tysons and they printed out and signed the VR-334 for me. I did have to mail it in myself, however.
To be fair, if the Governor's version of the bill comes through this year, you'll likely get more money. They're talking about a flat $3,000 for every applicant, instead of just a reimbursement of your excise tax up to $3,000. After my trade-in reduced the basis, I got less than $3,000 back.
I saw the revised bill and I'm a bit confused. If you bought the vehicle before 2020, would you be eligible for only the sales tax refund up to $3000 OR would you be eligible for the flat $3000 tax refund regardless of the tax actually paid. Reason why i ask this is because technically the bill goes into effect 7/2020. Does the flat $3000 (regardless of how much tax was paid at the time of purchase) refund only apply to purchases after 7/2020?
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