California Extends Tax Exemption for Zero-Emissions Trucks and Buses
On September 16, 2022, California Governor Gavin Newsom signed into law a two-year extension of the partial exemption to sales and use taxes for zero-emissions trucks and buses. AB 2622 extends the exemption to the 3.9375% General Fund sales and use tax for specified zero-emission technology transit buses from January 1, 2024 to January 1, 2026. The law…