Wednesday, August 6, 2008
News Hybrid owners to get tax credit if legislation passes
Posted by Thomas Wheatley @thomaswheatley on Wed, Aug 6, 2008 at 8:31 PM
The chair of the state Senate Natural Resources and Environment Committee says he plans to introduce a bill that would give Georgians a financial incentive to buy fuel-efficient automobiles.
Sen. Ross Tolleson, R-Perry, made the announcement today during an "energy independence" rally at the state Capitol. (I'll write more about the event later today.) No specifics to report at the moment, but Tolleson says the incentive could possibly come in the form of a tax credit when consumers purchase a hybrid automobile.
"What makes this a wise move for metro Atlanta is that it'll lower the demand for fuel but also improve air quality," Tolleson says, referring to Atlanta's notorious smog issues.
But in a slowing economy such as Georgia's and the nation's — the state recently announced it's expecting a $1.6 billion budget deficit — an incentive program could be a difficult sell to fellow lawmakers in January.
Things could get better between now and the start of the General Assembly. But they could also get worse. Regardless, good move by Tolleson.
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