ww73
Member
U r correct. U only pay tax on the difference. Doesn't matter if final price us over 42k.
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U r correct. U only pay tax on the difference. Doesn't matter if final price us over 42k.
EVNow
Well-Known Member
This might mean the difference between me configuring as soon as I get the invite or as late as possible to still get federal tax credits.
ChadS
Last tank of gas: March 2009
It was on the list for Friday, but from looking at the bill it looks like it didn't happen (which is common - perhaps yesterday the legislators were too busy passing a rule to exempt themselves from the Public Records Act). So yes, I would expect a vote to happen next week.
Although note this vote is only for the House. It would still have to go through the Senate, where the vote may be closer. But if it makes it through there, this bill is a priority for the Governor so it is sure to get signed (and it has a clause that says it will take effect immediately). Then the exemption will expire on June 30 2021, regardless of the number of vehicles that qualify. There used to be different versions in the House and Senate, but they have been aligned. One big concern had been revenue impact, but the recent revenue forecast looked really good so that doesn't seem likely to be an issue.
I think the only thing that might derail it is if opponents mount strong opposition before the Senate vote. The money is coming out of he multi-model fund (the Governor's idea) so it will mean some less funding for buses, bikes, etc. If the bill is not passed, based on current sales rates the state estimates that the current exemption will expire on June 30 2018. (I believe that means they guess we will hit 7,500 cars in April, it will be officially reported on May 5, and then expires at the end of the following month).
The bill status is HERE.
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Yeah it could make a huge difference. I just recently reserved so I’m not likely to get a full federal refund but if I can still get half or 25% it’s better than I originally thought I was going to get.
EVNow
Well-Known Member
I wonder how much you would lose by buying a S CPO & trading it in 2 months from now
I wonder how much you would lose by buying a S CPO & trading it in 2 months from now
Haha the wife would kill me. And I dunno if I could drive an S. It’s huge.
Did this fail? I just got an email back from my representative about it:
Dear XXXXX,
Thank you for your message regarding HB 2653 concerning alternative fuel vehicle tax exemptions. I appreciate hearing about constituent’s concerns. Unfortunately, HB 2653 did not come up for a vote on the House floor in time for a required deadline, which means it is unlikely to pass this session. I will keep your thoughts in mind if this legislation is introduced in the future.
Thank you again for sharing your thoughts with me.
Best Regards,
Representative Ruth Kagi
Chair, Early Learning and Human Services
32nd Legislative District
[email protected]
Check out my website here. You can also sign up for legislative updates here.
Ugh. Whose fault is it when it doesn’t come up for a vote in time? The last update on the bill status was February 21st.
EVNow
Well-Known Member
That doesn't sound good. Looks like I'll have to immediately order when my invite comes. Don't want to lose federal credit & state sales tax exemption (>$10k).
So frustrating considering the original write up supposedly had strong support and it passed the first vote on 1/31. I have no idea what our government does. How do bills just not get voted on once they reach and pass a certain stage.
iwannam3
Active Member
Looks like that was from 1/29 though? Will have to watch when I have a free hour. So your take is that this bill is dead?
UZJedi
Member
That is video of the transportation committee, which we already knew about. They gave it a thumbs up, but I'm not sure why it wasn't voted on recently, nor am I sure what that means for the fate of the bill. Perhaps it will get another chance next session?
Looks like HB 2653 finally passed the House this evening by an 86-12 margin. No idea if/when the Senate will take it up.
Well this is good news at least. One would think they would try to get this into effect by June 30th if they can get it all the way through.
Also, clearly not all government reps know what they are talking about based on the response the poster above got haha
Foxhound199
Member
What the heck, Ruth Kagi? With all due respect, it appears this representative was misinformed. Hopefully things move swiftly through the senate. Did hear back from my state senator. His only concern with the bill is that he wants legislation to make these tax breaks permanent and apply it to used vehicles too! Nice to hear at least one voice of enthusiastic support in the senate!
