2021 Session

Budget Amendments - HB1800 (Member Request)

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Chief Patron: Reid
Electronic Vehicle Rebate Program

Item 125 #1h

Item 125 #1h

First Year - FY2021 Second Year - FY2022
Commerce and Trade
Department of Mines, Minerals and Energy FY2021 $5,000,000 FY2022 $0 GF

Page 118, line 44, strike "$3,689,051" and insert "$8,689,051".


(This amendment provides $5.0 million the first year from the general fund for the establishment of the Electronic Vehicle Rebate Program, pursuant to legislation to be considered during the 2021 Session of the General Assembly. The program would provide the purchaser or lessor of an electric vehicle a $2,500 rebate at the time of purchase, with an additional $2,000 rebate provided to individuals with a household income of 300 percent or less of the federal poverty level. Motor vehicle dealers would be reimbursed for the amount of the rebate. Funds would be allocated from the sunset of the Coal Employment Production Incentive Tax Credit and the Coalfield Employment Enhancement Tax Credit. The program would expire on July 1, 2026.)