State News

Questions about Alternative Fuel Tax Credit

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Posted: Jun 15, 2012 10:16 AM by Mike Steele
Updated: Jun 15, 2012 10:16 AM
Source: WBRZ

  Rating: 1.0 (1 vote)

Topics: Governor Bobby Jindal, tax, break, vehicles, budget, process

BATON ROUGE- Governor Bobby Jindal issued a letter rejecting a rule which provided a big tax break to people who buy a car in Louisiana.

Some lawmakers who oversee the state budget process say it could wreck state fianances.

Since 2009, a tax credit on some alternate fuel vehicles allowed a 10 percent credit based on the purchase price of the vehicle, up to $3,000. This past April, an emergency declaration from the state Department of Revenue expanded the break to include flex-fuel vehicles, which are designed to be able to burn ethanol. That pushed the list of vehicles affected by the credit up to 112.

That list of affected vehicles was recently removed from the Department of Revenue's website.

Mike Steele is tracking down answers from state leaders about the program, so look for more tonight on News 2 and WBRZ.com

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