AUGUSTA — Owners of plug-in electric vehicles would get tax breaks in Maine if a bill up for review this week passes.
Bangor Democratic Sen. Geoffrey Gratwick’s bill would create an income tax credit for the purchase of qualified plug-in electric vehicles. The break would be equal to the excise tax paid, up to $1,000. A hearing is planned Monday afternoon before the Taxation Committee.
Maine wouldn’t be the first state to pass such a tax credit. Colorado offers a tax credit of 85 percent for conversions completed between Jan. 1, 2010 and Jan. 1, 2012, lowering the cost of converting to electric hybrids.
The tax credit proposed in Maine would expire Jan. 1, 2017.
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.