In an effort to keep Ohio’s march toward energy independence moving forward, the Ohio House has proposed a bill.

Alternative Fuel Tax Incentive

The bill offers a tax credit for the purchase of a new alternative-fuel vehicle or the conversion of a vehicle to alternative fuel, such as natural gas. The credit would be 50 percent of the price of the conversion, or the price difference between a new alternative-fuel vehicle and a traditional gasoline-powered vehicle. The credit would be capped at $5,000 to $25,000, depending on the vehicle weight.

“Passage of this bill will bring Ohio energy independence, enabling our residents to pay less at the pump,” said Rep. Sean O’Brien.

The Bill will now go to the Senate for approval.