The Preference Provides | Tax Type | Estimated Biennial Beneficiary Savings |
---|---|---|
A sales and use tax exemption on the first $32,000 of a sale or lease agreement for qualifying new clean alternative fuel vehicles with a manufacturer's suggested retail price of $42,500 or less for the lowest price base model. The preference is scheduled to expire when one of the following occurs:
|
Sales and Use |
$14.8 million |
Public Policy Objective |
---|
The Legislature stated it wanted to increase the use of qualifying clean alternative fuel vehicles by reducing the price of such vehicles. |
Recommendations |
---|
Legislative Auditor’s Recommendation Review: The Legislature should review the preference in the 2019 legislative session if the number of qualifying vehicles titled in Washington has not reached 7,500. Commissioner Recommendation: The Commission endorses the Legislative Auditor’s recommendation with comment. The Legislature should review this preference and revisit its expectations for the number of qualifying vehicles. |