Article - Transportation
(a) In this section, “excise
tax” means the tax imposed under § 13–809 of this
(b) This section
applies only to a plug–in electric drive vehicle that:
(1) Has not been
modified from original manufacturer specifications;
(2) Is acquired
for use or lease by the taxpayer and not for resale; and
(3) Is purchased
new and titled for the first time on or after July 1, 2014, but before
July 1, 2017.
(c) Subject to
available funding, a credit is allowed against the excise tax imposed
for a plug–in electric drive vehicle.
(d) The credit
allowed under this section may not exceed the lesser of:
(1) The product
of $125 times the number of kilowatt–hours of battery capacity
of the vehicle; or
(e) The credit
allowed under this section is limited to the acquisition of:
(1) One vehicle
per individual; and
(2) 10 vehicles
per business entity.
(f) A credit may
not be claimed under this section:
(1) For a vehicle
unless the vehicle is registered in the State; or
(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.
(g) The Motor Vehicle
Administration shall administer the credit under this section.