A bill that would create a state income-tax credit for purchasing electric and hybrid vehicles fell four votes short of clearing the Senate on Monday.
The Senate voted 14-9 on Senate Bill 482 by Sen. Will Bond, D-Little Rock, and then expunged the vote to clear the way for a later vote. Eighteen votes were required for approval.
[RELATED: Complete Democrat-Gazette coverage of the Arkansas Legislature]
The bill would create an income-tax credit of $300 for the purchase of an electric vehicle and $150 for the purchase of a hybrid vehicle. The credit would be limited to new purchases and no more than two credits per year.
The bill is projected to reduce state revenue by $336,000 in fiscal 2020, according to the state Department of Finance and Administration.
-- Michael R. Wickline