Bill > HB316

This bill amends the Tax Reform Code of 1971 to establish the Residential Electric Vehicle Charging Station Tax Credit. The key provisions of this bill are: 1) It adds a new Article XVII-M to the Tax Reform Code, which establishes the Residential Electric Vehicle Charging Station Tax Credit. This tax credit allows eligible taxpayers (individuals subject to Pennsylvania's personal income tax) to receive a refundable credit of up to $2,000 for the cost of purchasing and installing an electric vehicle charging station at their primary residence. 2) To be eligible, a taxpayer must have resided in Pennsylvania for more than half of the previous tax year and file with an individual taxpayer identification number. 3) The Department of Revenue is responsible for publishing guidelines and promulgating regulations necessary for the implementation and administration of this new tax credit program. 4) The Residential Electric Vehicle Charging Station Tax Credit will be applicable for tax years beginning after December 31, 2023.