Sec. 8. (a) Subject to subsection (c), a person that places a qualified vehicle into service in a particular taxable year may claim a credit against the person's state tax liability for that taxable year. (b) Subject to sections 9 and 10 of this chapter, the amount of the credit that may be claimed for placing a qualified vehicle into service is the amount determined in STEP THREE of the following formula: STEP ONE: Determine the difference between: (A) the price of the qualified vehicle; and (B) the price of a similarly equipped vehicle of the same make and model that is powered by a gasoline or diesel engine. STEP TWO: Multiply the STEP ONE result by fifty percent (50%). STEP THREE: Determine the lesser of: (A) the STEP TWO result; or (B) fifteen thousand dollars ($15,000). (c) To the extent that a person claims a credit under this chapter for placing a qualified vehicle into service in 2013, the person may claim such a credit only against any state gross retail tax and use tax liability incurred by the person on transactions occurring after June 30, 2015, that involve a natural gas product (as defined by IC 6-6-2.5-16.5 ) and that are subject to taxation under IC 6-2.5 because the provisions of IC 6-2.5-5-27 (b) exclude those transactions involving a natural gas product from the exemption provided in IC 6-2.5-5-27 .
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