(1) In this section the following words have the meanings indicated.
(2) "Excise tax" means the tax imposed under § 13-809 of this subtitle.
(3) "Qualified plug-in electric drive vehicle" means a motor vehicle that:
(i) Is made by a manufacturer;
(ii) Is manufactured primarily for use on public streets, roads, and highways;
(iii) Has not been modified from original manufacturer specifications;
(iv) Is acquired for use or lease by the taxpayer and not for resale;
(v) Is rated at not more than 8,500 pounds unloaded gross vehicle weight;
(vi) Has a maximum speed capability of at least 55 miles per hour;
(vii) Is propelled to a significant extent by an electric motor that draws electricity from a battery that:
1. For a 4-wheeled motor vehicle, has a capacity of not less than 4 kilowatt hours;
2. For a 2-wheeled or 3-wheeled motor vehicle, has a capacity of not less than 2.5 kilowatt hours; and
3. Is capable of being recharged from an external source of electricity; and
(viii) Is titled by the taxpayer on or after October 1, 2010, but before July 1, 2013.
(b) Credit allowed.-
(1) A credit is allowed against the excise tax imposed for a qualified plug-in electric drive vehicle.
(2) Subject to the limitations under subsections (c) through (e) of this section, the credit allowed under this section equals 100% of the excise tax imposed for a vehicle.
(c) Amount limit.- The credit allowed under this section may not exceed $2,000.
(d) Limitation on taking of credit.- The credit allowed under this section is limited to the acquisition of:
(1) One vehicle per individual; and
(2) 10 vehicles per business entity.
(e) Conditions under which credit cannot be claimed.- A credit may not be claimed under this section:
(1) For a vehicle unless the vehicle is registered in the State;
(2) Unless the manufacturer has already conformed to any applicable State or federal laws or regulations governing clean-fuel vehicle or electric vehicle purchases applicable during the calendar year in which the vehicle is titled; or
(3) For a vehicle that was originally registered in another state.
(f) Administration.- The Motor Vehicle Administration shall administer the credit under this section.
(1) In this section the following words have the meanings indicated.
(2) "Excise tax" means the tax imposed under § 13-809 of this subtitle.
(3) "Qualified plug-in electric drive vehicle" means a motor vehicle that:
(i) Is made by a manufacturer;
(ii) Is manufactured primarily for use on public streets, roads, and highways;
(iii) Has not been modified from original manufacturer specifications;
(iv) Is acquired for use or lease by the taxpayer and not for resale;
(v) Is rated at not more than 8,500 pounds unloaded gross vehicle weight;
(vi) Has a maximum speed capability of at least 55 miles per hour;
(vii) Is propelled to a significant extent by an electric motor that draws electricity from a battery that:
1. For a 4-wheeled motor vehicle, has a capacity of not less than 4 kilowatt hours;
2. For a 2-wheeled or 3-wheeled motor vehicle, has a capacity of not less than 2.5 kilowatt hours; and
3. Is capable of being recharged from an external source of electricity; and
(viii) Is titled by the taxpayer on or after October 1, 2010, but before July 1, 2013.
(b) Credit allowed.-
(1) A credit is allowed against the excise tax imposed for a qualified plug-in electric drive vehicle.
(2) Subject to the limitations under subsections (c) through (e) of this section, the credit allowed under this section equals 100% of the excise tax imposed for a vehicle.
(c) Amount limit.- The credit allowed under this section may not exceed $2,000.
(d) Limitation on taking of credit.- The credit allowed under this section is limited to the acquisition of:
(1) One vehicle per individual; and
(2) 10 vehicles per business entity.
(e) Conditions under which credit cannot be claimed.- A credit may not be claimed under this section:
(1) For a vehicle unless the vehicle is registered in the State;
(2) Unless the manufacturer has already conformed to any applicable State or federal laws or regulations governing clean-fuel vehicle or electric vehicle purchases applicable during the calendar year in which the vehicle is titled; or
(3) For a vehicle that was originally registered in another state.
(f) Administration.- The Motor Vehicle Administration shall administer the credit under this section.
(1) In this section the following words have the meanings indicated.
(2) "Excise tax" means the tax imposed under § 13-809 of this subtitle.
(3) "Qualified plug-in electric drive vehicle" means a motor vehicle that:
(i) Is made by a manufacturer;
(ii) Is manufactured primarily for use on public streets, roads, and highways;
(iii) Has not been modified from original manufacturer specifications;
(iv) Is acquired for use or lease by the taxpayer and not for resale;
(v) Is rated at not more than 8,500 pounds unloaded gross vehicle weight;
(vi) Has a maximum speed capability of at least 55 miles per hour;
(vii) Is propelled to a significant extent by an electric motor that draws electricity from a battery that:
1. For a 4-wheeled motor vehicle, has a capacity of not less than 4 kilowatt hours;
2. For a 2-wheeled or 3-wheeled motor vehicle, has a capacity of not less than 2.5 kilowatt hours; and
3. Is capable of being recharged from an external source of electricity; and
(viii) Is titled by the taxpayer on or after October 1, 2010, but before July 1, 2013.
(b) Credit allowed.-
(1) A credit is allowed against the excise tax imposed for a qualified plug-in electric drive vehicle.
(2) Subject to the limitations under subsections (c) through (e) of this section, the credit allowed under this section equals 100% of the excise tax imposed for a vehicle.
(c) Amount limit.- The credit allowed under this section may not exceed $2,000.
(d) Limitation on taking of credit.- The credit allowed under this section is limited to the acquisition of:
(1) One vehicle per individual; and
(2) 10 vehicles per business entity.
(e) Conditions under which credit cannot be claimed.- A credit may not be claimed under this section:
(1) For a vehicle unless the vehicle is registered in the State;
(2) Unless the manufacturer has already conformed to any applicable State or federal laws or regulations governing clean-fuel vehicle or electric vehicle purchases applicable during the calendar year in which the vehicle is titled; or
(3) For a vehicle that was originally registered in another state.
(f) Administration.- The Motor Vehicle Administration shall administer the credit under this section.
