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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.

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