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<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>If anyone would like to read the entire
bill: <a href="http://thomas.loc.gov/cgi-bin/query/D?c111:8:./temp/~c11159hm2N">http://thomas.loc.gov/cgi-bin/query/D?c111:8:./temp/~c11159hm2N</a>::
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<p class=MsoNormal><b><font size=2 face=Tahoma><span style='font-size:10.0pt;
font-family:Tahoma;font-weight:bold'>From:</span></font></b><font size=2
face=Tahoma><span style='font-size:10.0pt;font-family:Tahoma'> ausev-bounces@austinev.org
[mailto:ausev-bounces@austinev.org] <b><span style='font-weight:bold'>On Behalf
Of </span></b>Gary Ellis<br>
<b><span style='font-weight:bold'>Sent:</span></b> Thursday, February 19, 2009
9:22 AM<br>
<b><span style='font-weight:bold'>To:</span></b> <st1:PersonName w:st="on">AustinEV
News Announcements and General Discussion</st1:PersonName><br>
<b><span style='font-weight:bold'>Subject:</span></b> [ausev] Senate Bill S271</span></font><o:p></o:p></p>
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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal style='margin-bottom:12.0pt'><font size=3
face="Times New Roman"><span style='font-size:12.0pt'>Anyone following the tax
credit news and progress for EVs? Looks like the first version was only
for new electric vehicles from qualified manufacturers, but now S271 seems to
include "kits" which I'm sure is meant for the Prius plug-in modules,
but may include conversions. I'm going to meet with a lobbyist today to
talk about some of this stuff, but let me know if you have further insight.<br>
Thanks,<br>
<br>
<st1:City w:st="on"><st1:place w:st="on">Gary</st1:place></st1:City><br>
ReinCarNation<br>
RCN Motors, LLC<br>
<a href="mailto:gary@rcnmotors.com">gary@rcnmotors.com</a><br>
<a href="http://www.rcnmotors.com">http://www.rcnmotors.com</a><br>
<br>
-----------<br>
<br>
<br>
Senate Bailout Bill, Oct. 2008<br>
- Adds up to $7500 tax credit for new electric cars.<br>
<br>
FREEDOM Act of 2009, bill S271<br>
- Doubles the number of electric cars allowed (now 500,000) and expands beyond
conventional four-wheel automobiles to include three-wheel and two-wheel
vehicles, as well as low-speed neighborhood electric cars. Electric vehicles
like ZAP's Alias and others would receive a tax credit equal to a percentage of
the purchase price up to $4,000. <br>
<br>
<a href="http://www.matternetwork.com/2009/1/freedom-act-offer-plug-vehicle.cfm">http://www.matternetwork.com/2009/1/freedom-act-offer-plug-vehicle.cfm</a><br>
Plug-in conversion kits would now also qualify for up to a $4000 tax credit. <br>
<br>
As the bill presently reads, 'qualified' manufacturing facilities that turn out
either completed plug-in vehicles and/or components for those vehicles are 100
percent deductible if placed into service before January 1,2012. Similar
facilities placed in service after this date, buy prior to January 1, 2014 are
eligible to claim 50% of the cost of construction.<br>
<br>
Quotes:<br>
<a href="http://www.marketwire.com/press-release/Zap-945459.html">http://www.marketwire.com/press-release/Zap-945459.html</a><br>
Starr added: "There are many smaller automakers that are making plug-in
transportation today and these tax incentives would allow Americans to
jump-start the adoption of electrics immediately. The Small Business
Administration says up to 80 percent of new jobs in <st1:country-region w:st="on"><st1:place
w:st="on">America</st1:place></st1:country-region> are created by small
business and 90 percent of all innovation is created by entrepreneurs. It is
critical that Congress supports more automotive innovation in the <st1:country-region
w:st="on"><st1:place w:st="on">US</st1:place></st1:country-region> and we ask
Americans to urge their Federal representative to move quickly to pass this
legislation and make it go into effect immediately." <o:p></o:p></span></font></p>
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