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PA HB254

PA HB254
In tax credit and tax benefit administration, further providing for definitions; and establishing the Residential Electric Vehicle Charging Station Tax Credit.


summary

Introduced
01/17/2025
In Committee
01/17/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 Regular Session

Bill Summary

Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An act relating to tax reform and State taxation by codifying and enumerating certain subjects of taxation and imposing taxes thereon; providing procedures for the payment, collection, administration and enforcement thereof; providing for tax credits in certain cases; conferring powers and imposing duties upon the Department of Revenue, certain employers, fiduciaries, individuals, persons, corporations and other entities; prescribing crimes, offenses and penalties," in tax credit and tax benefit administration, further providing for definitions; and establishing the Residential Electric Vehicle Charging Station Tax Credit.

AI Summary

This bill establishes a new Residential Electric Vehicle (EV) Charging Station Tax Credit in Pennsylvania, which allows eligible taxpayers who purchase and install a home EV charging station to receive a tax credit equal to 100% of the installation costs, up to $2,000. To qualify, taxpayers must have resided in Pennsylvania for more than half of the preceding tax year, file with an individual taxpayer identification number, and install the charging station at their primary residence. The tax credit is refundable, meaning that if the credit amount exceeds the taxpayer's tax liability, the Department of Revenue will issue a refund for the excess amount. The bill defines key terms such as "electric vehicle" and "electric vehicle charging station" and specifies that the tax credit will apply to tax years beginning after December 31, 2025. By offering this financial incentive, the bill aims to encourage residential EV charging infrastructure development and support the adoption of electric vehicles in the state.

Committee Categories

Transportation and Infrastructure

Sponsors (15)

Last Action

Referred to Transportation (on 01/17/2025)

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