(a) Beginning with the taxable year after December 31, 2013, through the taxable year ending December 31, 2026, there shall be allowed against the tax imposed by § 47-1807.02 a credit in the amount of 50% of the equipment and labor costs directly attributable to the cost to convert a motor vehicle licensed in the District that operates on petroleum diesel or petroleum derived gasoline to a motor vehicle that operates on an alternative fuel, not to exceed $19,000 per vehicle.
(b) The credit claimed under this section in any one tax year may not exceed the taxpayer’s tax liability under § 47-1807.02 for that year. The credit shall not be refundable.
(c) For the purposes of this section, the term “alternative fuel” shall have the same meaning as provided in § 47-1806.12(f)(1).
(Feb. 26, 2015, D.C. Law 20-155, § 7072(c), 61 DCR 9990.)
For temporary (90 days) addition of this section, see § 7082(c) of the Fiscal Year 2015 Budget Support Emergency Act of 2014 (D.C. Act 20-377, July 14, 2014, 61 DCR 7598, 20 STAT 3696).
For temporary (90 days) addition of this section, see § 7072(c) of the Fiscal Year 2015 Budget Support Congressional Review Emergency Act of 2014 (D.C. Act 20-449, October 10, 2014, 61 DCR 10915, 20 STAT 4188).
For temporary (90 days) addition of this section, see § 7072(c) of the Fiscal Year 2015 Budget Support Second Congressional Review Emergency Act of 2014 (D.C. Act 20-566, January 9, 2015, 62 DCR 884, 21 STAT 541).
Structure District of Columbia Code
Title 47 - Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]
Chapter 18 - Income and Franchise Taxes
Subchapter VII - Tax on Corporations and Financial Institutions
§ 47–1807.01. Tax on corporations — Definitions
§ 47–1807.02. Tax on corporations — Levy and rates
§ 47–1807.02a. Tax on corporations — Transfer of surtax to Convention Center Authority. [Repealed]
§ 47–1807.03. Tax on corporations — Financial institutions included. [Repealed]
§ 47–1807.04. Tax credit to qualified businesses for wages to qualified employees; exceptions
§ 47–1807.05. Reduction of tax credit for insurance premiums; exceptions
§ 47–1807.07. Employer-assisted home purchase tax credit
§ 47–1807.09. Job growth tax credit
§ 47–1807.10. Tax on corporations — Credits — Alternative fuel infrastructure credit
§ 47–1807.11. Tax on corporations — Credits — Alternative fuel vehicle conversion credit
§ 47–1807.13. Wheelchair-accessible vehicle tax credit. [Repealed]