This bill amends the Tax Reform Code of 1971 to introduce a new tax credit specifically for the installation of residential electric vehicle charging stations. It adds a new article, Article XVII-M, which defines key terms related to the tax credit, including "electric vehicle," "electric vehicle charging station," and "eligible taxpayer." The tax credit allows eligible taxpayers to receive a credit against their tax liability for the full cost of purchasing and installing an electric vehicle charging station, capped at $2,000. If the credit exceeds the taxpayer's liability, the Department of Revenue will issue a refund for the excess amount.

To qualify for this tax credit, taxpayers must have resided in Pennsylvania for more than half of the previous taxable year, file with an individual taxpayer identification number, and have installed the charging station at their primary residence. The bill also mandates that the Department of Revenue publish guidelines and may create regulations for the implementation of this tax credit, which will be applicable to tax years starting after December 31, 2025.

Statutes/Laws affected:
Printer's No. 165 (Jan 17, 2025): P.L.6, No.2
Printer's No. 0165: P.L.6, No.2