Section 13-815 - Tax credit for electric vehicles. - Maryland Statutes

§ 13-815. Tax credit for electric vehicles.
 

(a)  Definitions.-  

(1) In this section the following words have the meanings indicated. 

(2) "Excise tax" means the tax imposed under § 13-809 of this subtitle. 

(3) "Qualified plug-in electric drive vehicle" means a motor vehicle that: 

(i) Is made by a manufacturer; 

(ii) Is manufactured primarily for use on public streets, roads, and highways; 

(iii) Has not been modified from original manufacturer specifications; 

(iv) Is acquired for use or lease by the taxpayer and not for resale; 

(v) Is rated at not more than 8,500 pounds unloaded gross vehicle weight; 

(vi) Has a maximum speed capability of at least 55 miles per hour; 

(vii) Is propelled to a significant extent by an electric motor that draws electricity from a battery that: 

1. For a 4-wheeled motor vehicle, has a capacity of not less than 4 kilowatt hours; 

2. For a 2-wheeled or 3-wheeled motor vehicle, has a capacity of not less than 2.5 kilowatt hours; and 

3. Is capable of being recharged from an external source of electricity; and 

(viii) Is titled by the taxpayer on or after October 1, 2010, but before July 1, 2013. 

(b)  Credit allowed.-  

(1) A credit is allowed against the excise tax imposed for a qualified plug-in electric drive vehicle. 

(2) Subject to the limitations under subsections (c) through (e) of this section, the credit allowed under this section equals 100% of the excise tax imposed for a vehicle. 

(c)  Amount limit.- The credit allowed under this section may not exceed $2,000. 

(d)  Limitation on taking of credit.- The credit allowed under this section is limited to the acquisition of: 

(1) One vehicle per individual; and 

(2) 10 vehicles per business entity. 

(e)  Conditions under which credit cannot be claimed.- A credit may not be claimed under this section: 

(1) For a vehicle unless the vehicle is registered in the State; 

(2) Unless the manufacturer has already conformed to any applicable State or federal laws or regulations governing clean-fuel vehicle or electric vehicle purchases applicable during the calendar year in which the vehicle is titled; or 

(3) For a vehicle that was originally registered in another state. 

(f)  Administration.- The Motor Vehicle Administration shall administer the credit under this section. 
 

[2000, ch. 295, § 1; ch. 296, § 1; 2003, ch. 273; 2005, ch. 25, § 1; ch. 370; 2007, ch. 5; 2010, ch. 490, § 2.]