Provides corporation business tax credit and gross income tax credits for purchase and installation of certain electric vehicle charging stations.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill aims to encourage the development of electric vehicle (EV) charging infrastructure in New Jersey by offering financial incentives to businesses. It provides a corporate business tax credit for companies that purchase and install EV charging stations, as well as a gross income tax credit for those same businesses. The goal is to expand access to EV charging and support the transition to electric vehicles within the state. The bill intends to stimulate investment in this growing sector.
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1 on record
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