§ 13-815. Tax credit for electric vehicles.

   (a) "Excise tax" defined. -- In this section, "excise tax" means the tax imposed under § 13-809 of this subtitle.

(b) Applicability of section. -- This section applies only to a plug-in electric drive vehicle that:

   (1) Has not been modified from original manufacturer specifications;

   (2) Is acquired for use or lease by the taxpayer and not for resale; and

   (3) Is titled by the taxpayer on or after October 1, 2010, but before July 1, 2014.

(c) Credit allowed. --

   (1) Subject to available funding, a credit is allowed against the excise tax imposed for a plug-in electric drive vehicle.

   (2) Subject to the limitations under subsections (d) through (f) of this section, the credit allowed under this section equals 100% of the excise tax imposed for a vehicle.

(d) Amount limit. -- The credit allowed under this section may not exceed:

   (1) $ 600 for a vehicle with a battery capacity of at least 4.0 kilowatt-hours but not more than 10.0 kilowatt-hours;

   (2) $ 700 for a vehicle with a battery capacity of at least 10.1 kilowatt-hours but not more than 15.0 kilowatt-hours; and

   (3) $ 1,000 for a vehicle with a battery capacity of at least 15.0 kilowatt-hours.

(e) Limitation on taking of credit. -- The credit allowed under this section is limited to the acquisition of:

   (1) One vehicle per individual; and

   (2) 10 vehicles per business entity.

(f) Conditions under which credit cannot be claimed. -- A credit may not be claimed under this section:

   (1) For a vehicle unless the vehicle is registered in the State;

   (2) Unless the manufacturer has already conformed to any applicable State or federal laws or regulations governing clean-fuel vehicle or electric vehicle purchases applicable during the calendar year in which the vehicle is titled; or

   (3) For a vehicle that was initially registered in another state.

(g) Administration. -- The Motor Vehicle Administration shall administer the credit under this section.

HISTORY: 2000, ch. 295, § 1; ch. 296, § 1; 2003, ch. 273; 2005, ch. 25, § 1; ch. 370; 2007, ch. 5; 2010, ch. 490, § 2; 2011, ch. 65; 2013, chs. 64, 65, 389.