This bill amends the Tax Reform Code of 1971 to establish a new tax credit specifically for the installation of residential electric vehicle charging stations. It introduces 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 will cover 100% of the costs associated with purchasing and installing an electric vehicle charging station, up to a maximum of $2,000. Additionally, if the tax 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 preceding taxable year, provide 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 beginning after December 31, 2025.

Statutes/Laws affected:
Printer's No. 458 (Mar 21, 2025): P.L.6, No.2
Printer's No. 0458: P.L.6, No.2