Posted: Jun 12, 2013 8:35 AM by AP
BATON ROUGE, La. (AP) - Gov. Bobby Jindal has signed into law a rewrite of the state's alternative fuel vehicle tax credit program.
Baton Rouge Sen. Dan Claitor submitted the bill, addressing concerns that the program could be interpreted in a way that would balloon its costs.
Provisions in the bill match regulations already adopted by the Jindal administration. Claitor said he wanted the law to match the regulations.
The program provides a credit of 10 percent of the cost of an alternative fuel vehicle or $3,000, whichever is less.
The bill definitively eliminates "flex-fuel" cars and trucks - which can burn ethanol but also use gasoline - from qualifying for the credit.
Including flex-fuel vehicles could have carried a $240 million annual price tag.