Senate Considers CAT Credit for Electric Vehicles
Earlier this month, Sens. Michael Rulli (R-Salem) and Sean O’Brien (D-Bazetta) introduced Senate Bill 257, designed to make Ohio — and particularly the Mahoning Valley — the nation’s leader in the electric vehicle revolution. The bill would create two different tax credits:
- A sales tax credit for the purchase of an electric vehicle; and
- An income tax and commercial activity tax credit for the purchase and installation of a charging station for an electronic vehicle.
The bill has had two hearings, including proponent testimony from GM and Ford. 2/27/2020