State Incentives
Alternative Fuel Vehicle (AFV) Tax Credit
An income tax credit is available to eligible taxpayers who convert a vehicle to operate exclusively on an alternative fuel or purchase a new original equipment manufacturer dedicated or bi-fuel AFV. The value of the tax credit is 35% of the vehicle purchase price or 50% of the vehicle conversion cost, up to $7,500 for vehicles with a gross vehicle weight rating (GVWR) up to 26,000 pounds (lbs.) and up to $25,000 for vehicles with a GVWR greater than or equal to 26,000 lbs. For the purpose of this tax credit, a qualified AFV operates on fuel including natural gas, propane, electricity, hydrogen, and coal-derived liquid fuels. Plug-in hybrid electric vehicles are also eligible. This tax credit expires December 31, 2021. (Reference West Virginia Code 11-6D)
Alternative Fueling Infrastructure Tax Credit
An income tax credit is available to eligible taxpayers who construct or purchase and install qualified alternative fueling infrastructure. The tax credit is 50% of the total allowable costs associated with construction or purchase and installation of the equipment, up to $250,000. If the infrastructure is accessible for public use, the credit allowed will be multiplied by 1.25 and the maximum amount will be $312,500, so long as the amount of the credit allowed does not exceed the cost of construction. The maximum tax credit allowed will decrease to $200,000 on January 1, 2014, and to $150,000 on January 1, 2016. Qualified home fueling infrastructure is eligible for the same 50% credit up to, $10,000. For the purpose of this tax credit, qualified alternative fuels include natural gas, propane, hydrogen, and coal-derived liquid fuels. Electric vehicle supply equipment may qualify for the tax credit if it is installed for residential use only. This tax credit expires December 31, 2021. (Reference West Virginia Code 11-6D)
Alternative Fuel School Bus Incentive
Any county that uses alternative fuel for the operation of any portion of its school bus fleet is eligible for a 10% reimbursement from the West Virginia Department of Education to help offset the cost of maintenance, operation, and other costs incurred from using the alternatively fueled school buses. Any county qualifying for this allowance must submit a plan that includes the future use of the alternatively fueled school buses to the Department of Education. Acceptable alternative fuels include compressed natural gas. (Reference West Virginia Code 18-9A-7)
Point of Contact
Benjamin Shew
Executive Director
West Virginia Department of Education, Office of School Transportation
Phone: (304) 558-2711
Fax: (304) 558-8867
bshew@access.k12.wv.us
My fault it's a income tax credit.
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