SB58 Alabama 2013 Session

Summary

Primary Sponsor

Cam Ward

Republican

Co-Sponsor

Tom Whatley

Session

Regular Session 2013

Title

Tax Credit, vehicles equipped with compressed natural gas (CNG)

Summary

SB58 would create state income tax credits in Alabama to help cover the cost of converting vehicles to compressed natural gas (CNG) and buying CNG-powered vehicles.

What This Bill Does

Provides income tax credits for 2012–2017 equal to up to 75% of the incremental cost of purchasing a CNG-powered vehicle over a non-CNG vehicle, and up to 75% of the costs to convert a vehicle to use CNG. Credits are applied against a taxpayer's Alabama income tax on a dollar-for-dollar basis, up to the credit's maximum. Unutilized credits can be carried forward for up to 10 additional tax years. The Department of Revenue would adopt rules to implement and administer the credits, and the act takes effect after passage and governor approval.

Who It Affects

• Alabama taxpayers (individuals or businesses) who purchase a CNG-powered vehicle or incur costs to convert a vehicle to CNG, who could receive a tax credit.
• The Alabama Department of Revenue and state tax administration, which would implement and regulate the credits.

Key Provisions

• Tax credits apply for tax years 2012 through 2017, inclusive.
• Credit equals up to 75% of the incremental cost of purchasing a CNG vehicle.
• Credit equals up to 75% of the cost to convert a vehicle to CNG usage.
• Credits are applied against income tax on a dollar-for-dollar basis up to the maximum amount authorized.
• Credits may be carried forward for 10 additional tax years.
• Department of Revenue may adopt rules for implementation and administration.
• Effective date: first day of the third month after passage and governor's approval.

AI-generated summary using openai/gpt-5-nano on Feb 25, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Taxation