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Bill > SB485
PA SB485
PA SB485In tax credit and tax benefit administration, further providing for definitions; and establishing the Residential Electric Vehicle Charging Station Tax Credit.
summary
Introduced
03/21/2025
03/21/2025
In Committee
03/21/2025
03/21/2025
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 tax credit for residential electric vehicle (EV) charging stations in Pennsylvania, allowing eligible taxpayers to receive a tax credit of up to $2,000 for purchasing and installing an EV charging station at their primary residence. To qualify, taxpayers must have resided in Pennsylvania for more than half of the preceding tax year, provide an individual taxpayer identification number, and install the charging station at their owned primary residence. The tax credit will be fully refundable, meaning if the credit amount exceeds the taxpayer's tax liability, the Department of Revenue will issue a refund for the excess amount. The credit is defined specifically for private battery charging station equipment used to transfer electric energy to an electric vehicle's battery or energy storage device. The tax credit will become applicable for tax years beginning after December 31, 2025, and the Department of Revenue is tasked with publishing guidelines and potentially creating regulations to implement the program. This bill aims to incentivize residential EV charging infrastructure by providing a financial benefit to homeowners who invest in such technology.
Committee Categories
Budget and Finance
Sponsors (10)
Vincent Hughes (D)*,
Carolyn Comitta (D),
Jay Costa (D),
Art Haywood (D),
John Kane (D),
Tim Kearney (D),
Nick Miller (D),
Steve Santarsiero (D),
Sharif Street (D),
Lindsey Williams (D),
Last Action
Referred to Finance (on 03/21/2025)
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