Hi All:
___A little update on the Wisconsin Alternate Fuel Vehicle Coalition. By all appearances, it looks like Wisconsin may soon have a $1,000 tax credit available to its citizenry who will be purchasing an Alternate Fuel/Hybrid automobile in the near future. Although I am not a WI. Resident, I want to personally thank two of CleanMPG’s own, Bradlee Fons (Milwaukee Hybrid Group) and Eric Powers (Madison Hybrid Group) for taking the time to make this happen. Way to go guys!
http://www.cleanmpg.com/photos/data/519/medium/Wisconsin_Hybrid_vehicle_tax_break_letter.jpg
___Good Luck
___Wayne
Hi All:
___I received an update from Bradlee of the MiHG on the Wi. Tax Credit legislation for hybrid automobile purchases moving forward. Once again, it shows that individuals can make a difference!
___Excellent job Bradlee!
3-9-07
Rep. Parisi and Sen. Risser have issued the following news release on
their hybrid bill:
Rep. Parisi, Sen. Risser: Income Tax Credit for Hybrid Autos Introduced
With Bi-Partisan Support
3/9/2007
CONTACT:
Rep. Parisi 266-5342
Sen. Risser 266-1627
State Representative Joe Parisi and State Senator Fred Risser have
introduced legislation to create an income tax credit of $1,000 for the
purchase of a hybrid automobile.
In order to qualify for the credit, an individual would need to
purchase a hybrid that achieves either 40 miles per gallon combined
city/highway mileage or at least 15% better mileage than its
conventional counterpart.
The “Hybrid Car Credit” is intended to lessen our reliance on
imported oil by encouraging the use of high-efficiency, low emissions
automobiles. “Cars and light trucks consume 40 percent of the oil used
in the U.S. every day -- some 8 million barrels,” Risser said.
“If all cars and light trucks averaged 40 miles per gallon, we would
save more oil than all of our current Persian Gulf imports,” added
Parisi.
“We, as a state, should do everything we can to reduce our dependency
on foreign oil. This tax credit will make it easier for average citizens
-- those who need it most -- to be able to afford a fuel efficient
automobile,” said Risser. “Every dollar saved at the pump will be
another dollar that can be pumped right back into Wisconsin’s
economy,” Risser concluded.
Parisi said the bill had already garnered bi-partisan support in both
the state assembly and senate with numerous co-sponsors from both
parties.
“The issue of energy security is important to Democrats and
Republicans alike. This proposal is one tool we can use to lessen our
dependence on foreign oil, and that’s good for everybody,” Parisi
said.
3-10-07
You requested to be notified of the following legislative activities:
Subject: hybrid
SB-90 was introduced by Senator Harsdorf on March 13, 2007
Bill History: http://www.legis.state.wi.us/2007/data/SB90hst.html
Relating to: creating an income and franchise tax credit for motor vehicles that use gasoline and et...
SB-90 was referred to committee on Environment and Natural Resources in the Senate on March 13, 2007
Bill History: http://www.legis.state.wi.us/2007/data/SB90hst.html
Relating to: creating an income and franchise tax credit for motor vehicles that use gasoline and et...
___Good Luck
___Wayne
ericbecky
03-19-2007, 03:36 PM
I sit on the WAFVC and here is my take on the Parisi bill...
Right now it looks like Parisi's bill basically says $1,000 tax credit for any hybrid that either
a) gets 40 mpg or better or
b) provides a 15% or more improvement in the EPA combined estimated mpg.
Last week I ran a bunch of numbers (see below) and found that there are only 2 hybrids that currently do not meet these tcriteria and they are both Belt-Alternator-Starter (BAS) version hybrids; the Silverado and VUE Hybrid. Their EPA mpg improvement numbers work out to be 6% and 11%, respectively.
All the others show at least a 21% improvement. (looking at the new 2008 EPA numbers.) Theoretically the lower end of the bill's mpg-improvement threshold could be bumped up to 20% and it wouldn't add or exclude any more vehicles, but my guess is the bill will not be changed at this stage in the game.
And as for future hybrids
- the two-mode hybrids like the Tahoe, Yukon, etc.... supposedly those are going to get a 25% improvement. If that plays out to be true, then they would get the tax break. That would be good since GM is a Wisconsin employer.
- Aura Hybrid (uses BAS system)... supposedly this is going to provide a 25% improvement. If it does, then it will be eligible. If it doesn't it won't.
There wasn't a expiration (sunset) date listed on the bill, but one will probably need to be put in place.
For what it's worth, here is a list with the % increase in combined EPA mpg estimate over the non-hybrid counterpart. (I used the charts at www.fueleconomy.gov and based them on 2008 EPA results.)
HYBRIDS
Ford Escape - - 35% increase in combined EPA mpg over the non-hybrid counterpart
Honda Accord - - 29% "
Honda Civic - - 45% "
Lexus GS 400h - - 30% "
Lexus GS 450h - - 21% "
Nissan Altima - - 31% "
Toyota Camry - - 42% "
Toyota Highlander - - 37% increase in combined EPA mpg over the non-hybrid counterpart
(if there was 2wd and 4wd versions, I chose the increase that showed the lowest improvement over EPA.)
The Prius does not have a non-hybrid counterpart, so it would need to meet or exceed the 40 mpg threshold, which it does.
