Natural Gas Vehicle (NGV) Tax Credit

Expired: 12/31/2016

Individuals and entities that place into service an NGV with a gross vehicle weight rating of more than 33,000 pounds may be eligible for a tax credit for 50% of the incremental cost of the NGV, up to $15,000. The vehicle must be purchased or leased from a dealer located in Indiana. One individual or entity may claim up to $150,000 in such credits per year. Other restrictions apply. The credit expires December 31, 2016. Unused credits may be carried forward for up to six consecutive taxable years. (Reference Indiana Code 6-3.1-34.6)

Jurisdiction: Indiana

Type: State Incentives

Enacted: May 11, 2013

Amended: Mar 17, 2014

Technologies: Aftermarket Conversions, Natural Gas

See all Indiana Laws and Incentives.