Legislation enacted by the state legislature in May reinstates the income tax credit for the purchase or lease of a new plug-in hybrid vehicle for tax years 2012 through 2016. The credit is equal to $667, plus $111 if the vehicle has a minimum of 5kw hours of batter capacity. In a previous iteration, the state tax credit had equaled $2,000.
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SC reinstates plug-in hybrid tax credit
- Mintz Levin Cohn Ferris Glovsky and Popeo PC
- David Leiter, Sarah Litke and Daniel Phillips
- June 10 2012
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