REVENUE AND TAXATION Provide for a Definition of and Clarify Licensing Requirements for Low-Speed Vehicles; Provide for Applicability of Certain Provisions and Requirements with Respect to Low-Speed Vehicles; Revenue and Taxation Income Taxes: Change Provisions Regarding Income Tax Credits for Low and Zero Emission Vehicles Which are Also Low-Speed Vehicles; Provide for Additional Procedures, Conditions, and Limitations with Respect to Such Credit

Authors

Laurel DavidFollow

Document Type

Peach Sheet

Abstract

The Act provides for income tax credits to individuals and corporations who purchased and placed in service a low emission or zero emission vehicle, which is also a low-speed vehicle, during the taxable year ending December 31, 2001. Low-speed vehicles placed in service after that date will not be eligible for a low emission or zero emission vehicle income tax credit. The Act defines a low-speed vehicle as any motor vehicle with four wheels whose top speed is between twenty and twenty-five miles per hour. The Act provides that such vehicles shall not be subject to licensing requirements or certificate of title requirements and may only be operated during daylight hours. A local governing authority may restrict the use of such vehicles to designated public streets.

Recommended Citation

Laurel David, REVENUE AND TAXATION Provide for a Definition of and Clarify Licensing Requirements for Low-Speed Vehicles; Provide for Applicability of Certain Provisions and Requirements with Respect to Low-Speed Vehicles; Revenue and Taxation Income Taxes: Change Provisions Regarding Income Tax Credits for Low and Zero Emission Vehicles Which are Also Low-Speed Vehicles; Provide for Additional Procedures, Conditions, and Limitations with Respect to Such Credit, 19 Ga. St. U. L. Rev. (2002).
Available at: https://readingroom.law.gsu.edu/gsulr/vol19/iss1/21