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An Act to Promote Automobile Energy Efficiency
Would cut the excise tax on Maine cars and trucks
Missed deadline for November 2008 ballot. March 14, 2009 final deadline. Would cut the car excise tax in half, and eliminate the sales tax and first three years of car excise tax if you buy a new hybrid vehicle or any other vehicle that gets over 40 mpg.
(Language from the proposed act)
This bill decreases the excise tax imposed on motor vehicles for the first year from 24 mills to 12 mills, for the 2nd year from 17 1/2 mills to 8 mills and for the 3rd year from 13 1/2 mills to 4 mills and imposes a 4 mills rate for the 4th and succeeding years.
This bill also exempts from the excise tax imposed on motor vehicles the first 3 model years of a hybrid gasoline-electric vehicle, a fuel-cell-fueled or hydrogen-fueled vehicle or a highly energy efficient vehicle that has a highway fuel economy estimate of at least 40 miles to the gallon. After the first 3 years, the rate of excise tax is the same as on other motor vehicles of the same age.
This bill also exempts from the sales tax 100% of the sale or lease price of a new hybrid gasoline-electric vehicle, a fuel-cell-fueled or hydrogen-fueled vehicle or a vehicle with a highway fuel economy estimate of at least 40 miles per gallon.
See Automobile Tax Bill for the full text of the proposed initiated bill.