SB 5333 - DIGEST |
(SEE ALSO PROPOSED 1ST SUB) |
Creates the electric vehicle charging infrastructure bank, to be administered by the department of transportation, to provide low-interest loans or grants to public or private entities to install electric vehicle charging infrastructure along public highways of the state. |
Extends the existing sales and use tax exemption on clean alternative fuel vehicles. |
Creates the electric vehicle charging infrastructure account. |
Requires the department of revenue to: (1) Determine the amount of the state sales tax collected from the sales of clean alternative vehicles powered by electricity; and |
(2) Notify the state treasurer of the amount of sales tax collected. |
Requires the state treasurer to transfer that amount from the general fund into the electric vehicle charging infrastructure account. |