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2011 SESSION

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SB 1086 Motor vehicle sales and use tax; exemption to include certain four-wheel plug-in electric vehicles.

Introduced by: Emmett W. Hanger, Jr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED SENATE:

Motor vehicle sales and use tax; exemptions. Exempts from the motor vehicle sales and use tax certain four-wheel plug-in electric vehicles rated at 8,500 pounds unloaded gross vehicle weight or less and having a maximum speed capability of at least 55 miles per hour. The exemption would be limited to 10 vehicles owned by a business and one vehicle owned by an individual. The aggregate amount of exemptions allowed would be capped at $1 million, and the exemption would expire on July 1, 2012. The bill establishes a process to apply for an exemption from the Department of Taxation.

The bill also includes clarifying amendments in regard to other sales tax exemptions.

SUMMARY AS INTRODUCED:

Motor vehicle sales and use tax; exemptions. Exempts from the motor vehicle sales and use tax certain four-wheel plug-in electric vehicles rated at 8,500 pounds unloaded gross vehicle weight or less and having a maximum speed capability of at least 55 miles per hour. The exemption would be limited to 10 vehicles owned by a business and one vehicle owned by an individual. The exemption would expire beginning July 1, 2014.

The bill also includes clarifying amendments in regard to other sales tax exemptions.