New Jersey Hybrid vehicle purchase Tax Incentives

Hybrid Income and Business Tax Credit (bill): S.B. 749 provides a $2,000 credit against gross income tax and the corporation business tax (CBT)for the purchase of qualified hybrid vehicles registered in the state. Introduced 1/10/06 -- referred to Senate Environment Committee. (reintroduction of S. 1920 from last session)
Corporate Business Tax Credit: A.B.1678 is a reintroduction of bills AB 417 and SB 771. It would authorize a corporate business tax credit for the purchase of alternative fuel vehicles or technology equal to 15% of the purchase price. Currently in Assembly, Senate Committees. Expired in committee, not enacted.
State Purchase Requirement (bill): AB 3116 would require the state to purchase only vehicles certified as low emission vehicles or alternative fuel vehicles, provided such vehicles exist. Would phase-in a requirement that over a 5-year period all state purchased vehicles be zero emission vehicles. Expired in committee, not enacted.
Sales Tax Exemption (bill): AB 2186; SB 791 would provide a sales tax exemption for the purchase of a super ultra low emission vehicle, a partial zero emission vehicle or a zero emission vehicle certified under Phase II of California's Low Emission Vehicle program, provided the vehicle meets certain fuel efficiency ratings. Currently in Assembly, Senate Committees. Expired in committee, not enacted.


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