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Tomblin proposes ending WV tax credit on plug-in cars

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  • GovernmentGovernment

  • Monday, May 20 2013 2:50 PM EDT2013-05-20 18:50:08 GMT
    Helen Holt, now 99, was West Virginia's first female secretary of state. She received an honorary Doctorate of Humane Letters from WVU during Sunday's commencement.
    Helen Holt, now 99, was West Virginia's first female secretary of state. She received an honorary Doctorate of Humane Letters from WVU during Sunday's commencement.
  • Monday, May 20 2013 6:11 AM EDT2013-05-20 10:11:12 GMT
    MORGANTOWN, WV (AP) — West Virginia landowners who want to apply for grants to improve wildlife habitat have until June 14 to contact the Natural Resources Conservation Service.
    MORGANTOWN, WV (AP) — West Virginia landowners who want to apply for grants to improve wildlife habitat have until June 14 to contact the Natural Resources Conservation Service.
  • Sunday, May 19 2013 1:21 PM EDT2013-05-19 17:21:57 GMT
    LAWRENCE MESSINA,Associated Press CHARLESTON, W.Va. (AP) — West Virginia's House of Delegates faces a momentous decision after Speaker Rick Thompson departs for Gov. Earl Ray Tomblin's Cabinet: choosing
    est Virginia's House of Delegates faces a momentous decision after Speaker Rick Thompson departs for Gov. Earl Ray Tomblin's Cabinet: choosing a new leader will help set the stage for 2014, when Republicans aim to wipe out the Democrats' ebbing majority.

CHARLESTON (AP) — West Virginia Gov. Earl Ray Tomblin is proposing eliminating a tax incentive for plug-in electric cars and other alternatively fueled vehicles.

The $7,500 tax credit would remain in place for vehicles that run on natural gas, propane and butane. But it would be phased out in 2017, rather than in 2021 as is currently scheduled.

The tax credit has been used to offset the higher price of plug-in cars. These vehicles tend to be more expensive than comparable models, but they require little to no gas and emit almost no pollutants. There is still a federal tax credit for such vehicles.

The governor's office said that if enacted, the legislation introduced on Friday would save the state around $10 million in the next fiscal year.

 

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