Ohio Considers $500 Sales Tax Reduction on Plug-In Vehicles
The state of Ohio is now considering joining the growing list of US states that offer some sort of incentive for purchasing plug-in vehicles.
In Ohio, the plan is to provides a $500 sales tax break for purchasing plug-in vehicles.
Sure, $500 isn’t much, but it’s way more than $0.
As Biz Journals reports:
“State tax breaks are in the works to boost purchases of vehicles that run on natural gas or electricity, much to the delight of alternative fuel fans in Ohio.”
“State Reps. Sean O’Brien, D-Hubbard, and Dave Hall, R-Millersburg, said they will introduce a bill to provide tax incentives for buying or converting vehicles to compressed natural gas and a $500 sales tax reduction for purchasing an electric vehicle.”
“The incentives would be funded by taxes already paid by oil and gas companies operating in Ohio.”
“Hall and O’Brien said there is bipartisan support for bill with 60 legislators indicating they will sign on as cosponsors.”
We think Ohio ought to ax the natural gas incentive and maybe just forge ahead by doubling the plug-in one. That’s not gonna happen, but natural gas surely ain’t as green as the plug.
Source: Biz Journals