The Business Tax Act provides that, in computing the tax, there may be deducted from the measure of tax certain items and taxes if certain conditions are met. This bill adds the following deductions to the current list of deductions:
(1) A business that is a part of the hospitality and traveling accommodation industry and installs an electric charger would receive a 5 percent deduction on the business's total amount of business taxes paid during a calendar year; and
(2) A retail business that installs an electric charger would receive a 4 percent deduction on the business's total amount of business taxes paid during a calendar year.
This bill requires the state to determine businesses eligible to receive a deduction described above through the following methods:
(1) Voluntary reporting of installed chargers by each business;
(2) A list of superchargers provided by an electric vehicle manufacturer; and
(3) A state investigation by an employee of the special investigations section of the department of revenue, appointed by the commissioner of revenue, or other deputies, subordinate officers, clerks, investigators, or other employees appointed by the commissioner who may be necessary to conduct the investigation.

Statutes affected:
Introduced: 67-4-711