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Lawmakers Plan Tax Credits for Cars Fueled by Natural Gas

Sunday, September 22, 2013 at 6:20 PM

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Natural gas pipelines under construction in Columbiana County.  <i>photo by Michelle Kanu</i>

A bipartisan pair of state lawmakers wants to propose a bill that would offer tax credits for driving vehicles that run on natural gas. ideastream’s Michelle Kanu reports the idea would open a new market for the natural gas being drilled around Ohio.

Republican Representative David Hall of Holmes County and Democratic Representative Sean O’Brien of Trumbull County say the state is producing tons of natural gas, but few Ohioans are benefiting from the bounty.

Their bill would offer state tax credits that would apply toward the cost of buying or converting a vehicle to run on compressed natural gas. The credits range from $5,000 for small cars to up to $40,000 for large trucks.

O’Brien says individuals, political subdivisions like school districts, and small businesses alike could apply for the credit.

“Really who’s going to do this and take advantage of it will be the fleet people.  The mom and pops who have five or six vehicles—they’ll be the ones who this will really benefit.”

While Ohio currently doesn’t have many CNG fueling stations, O’Brien says he thinks creating the demand now will drive more companies to develop the necessary infrastructure.

The legislators say they plan to introduce the bill in early October.

Tags

Economy, Regional Economy/Business - News, Energy, Shale, Government/Politics

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