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Will Georgia Kill Its $5,000 Tax Credit For Electric-Car Purchases?

wochit business
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February 12, 2014 AT 7:33 AM
For Georgia electric-car owners, things aren't looking too peachy this week. The Atlanta Business Chronicle reports, legislation proposed by Representative Chuck Martin last Thursday night would end the $5,000 electric-vehicle tax credit by April 1. The credit--among the highest offered by any state--applies to new electric-car purchases or leases, and can add to the $7,500 income-tax credit offered by the Federal government.