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Committee advances bill taxing ZEV credit transactions after amendment debate; 10-5 vote to report
Summary
Proposed substitute House Bill 2,077, which would impose taxes on certain transactions involving zero-emission vehicle (ZEV) credits, was reported out of the House Finance Committee with a due pass recommendation after debate and failed amendments; committee vote was 10-5.
The House Finance Committee moved substitute House Bill 2,077 forward with a due pass recommendation following debate on taxing the sale and banking of zero-emission vehicle (ZEV) credits. Committee members discussed the substitute and several amendments that would have narrowed or limited the new excise tax on ZEV credit transactions before voting 10-5 to report the measure to the next step.
Committee staff described the substitute as removing an initial tax on pulling credits and instead imposing an excise tax on sales and banking of ZEV credits, with technical…
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