Washington Extends Exemption for Certain Alternative Fuel Vehicles

Wednesday, July 22nd, 2015

 
 
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Effective July 15, 2015, the sales tax exemption for alternative fuel vehicles is extended to July 1, 2019. This exemption had been set to expire this year. The exemption applies to cars, light duty trucks, and medium duty passenger vehicles that are exclusively powered by clean alternative fuel and hybrids that can travel at least 30 miles using only battery power. Clean alternative fuel means electricity, natural gas, propane, or hydrogen.

This exemption does not apply to sales of new vehicles with a selling price of more than $35,000 (including any trade-in value) or to sales of used vehicles.

Additionally, the exemption does not apply to leases that are signed after July 15, 2015 when the fair market value of the leased vehicle is more than $35,000 at the beginning of the lease. For leases signed before July 15, 2015, the lease is exempt regardless of the fair market value of the qualifying vehicle at the beginning of the lease.

http://lawfilesext.leg.wa.gov/biennium/2015-16/Pdf/Bills/Senate%20Passed%20Legislature/5987-S.PL.pdf


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TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

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