New tax breaks for installing electric car chargers

Provides corporation business tax credit and gross income tax credits for purchase and installation of certain electric vehicle charging stations.

Prefiled

Who's it for

Who's it for: Everyday People

What it means for you

8/10Helps you

Good for everyday people ·

Heavily funded

Draft summary, still being checked against the official bill text. Read the source to confirm.

This bill would give you or your business a tax break if you buy and set up a charging station for an electric car.

Our take

What we think, in plain words.

Putting an electric car charger in your home or business can cost a lot of money. This bill would help pay for that by lowering your state taxes. It rewards regular people and companies for making it easier to drive electric cars. The bill is just starting its journey in the statehouse, so now is a good time to tell lawmakers if you support these green energy rewards.

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The facts

What the bill actually says, no spin.

Creates a new tax credit for regular people who pay state income taxes.
Creates a matching tax break for businesses that pay corporate taxes.
Requires you to buy and set up an electric vehicle charging station to get the reward.
The exact dollar amounts of the tax breaks are not yet listed in the short text.