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Alpharetta lawmaker backs bill to roll back electric car tax credit
by Ray Henry
Associated Press Writer
March 13, 2014 09:53 AM | 2191 views | 0 0 comments | 19 19 recommendations | email to a friend | print
Georgia may be rolling back tax credits for low-emission and electric vehicles.

Republican state Rep. Chuck Martin says Georgia needs to re-examine a policy that gives consumers a maximum $2,500 tax credit when they buy or lease a low-emission vehicle. They can get up to a $5,000 credit for no-emission vehicles. Tax officials estimate that the tax subsidies cost roughly $1.1 million in 2012.

Martin says the program has no spending caps and could expose Georgia taxpayers to big costs as the cars become more popular. He says tax credits should be available for a broader range of fuel-efficient vehicles.

Democrats say the tax credits should stay because they help reduce pollution, oil consumption and stimulate business.

The plan is before Georgia's state Senate.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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