Bill
Bill > A1039
NJ A1039
NJ A1039Provides corporation business tax credit and gross income tax credits for purchase and installation of certain electric vehicle charging stations.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill provides corporation business tax credit and gross income tax credits for the purchase and installation of certain electric vehicle charging stations. The credits are available for the taxpayer tax periods beginning in calendar years 2014, 2015 and 2016. The bill provides credits under the corporation business tax and the gross income tax for electric vehicle charging stations used directly and exclusively by the taxpayer in the taxpayer's business, trade, or occupation. For charging stations purchased and installed in 2014 tax periods a taxpayer will be allowed a credit in an amount of 25 percent of the cost, up to $500 per electric vehicle charging station; for a charging station purchased and installed in 2015 tax periods the credit is 15 percent of the cost, up to $300 per charging station; and for a charging station purchased and installed in 2016 tax periods the credit is eight percent of the cost, up to $150 per station. The bill also provides a gross income tax credit for a charging station purchase that is not required to be for business use. The credit for 2014 is 25 percent of cost, up to $500, for 2015 15 percent of cost, up to $300, and for 2016 eight percent of cost, up to $150, for the purchase and installation of a charging station. Married taxpayers filing separately are allowed up to half of those amounts. To qualify for the bill's tax credits, the bill requires the taxpayer to file an application for a certification with the Commissioner of Environmental Protection that the charging station purchased and installed by the taxpayer is a qualified electric vehicle charging station.
AI Summary
This bill provides tax credits for the purchase and installation of electric vehicle charging stations, which are defined as equipment capable of providing Level 2 or Level 3 charging for plug-in electric vehicles. For corporations, a credit is available for charging stations used exclusively for business purposes, with the credit amount decreasing from 25% of the cost up to $500 in 2014, to 15% up to $300 in 2015, and 8% up to $150 in 2016. Similarly, individuals can receive a gross income tax credit for charging stations purchased for personal use, with the same percentage and dollar limitations for those years, though married taxpayers filing separately receive half the credit amount. To qualify for these credits, taxpayers must obtain certification from the Commissioner of Environmental Protection confirming the charging station meets the bill's requirements, and this certification must be submitted with the tax return. The bill also specifies definitions for "Level 2 charging" and "Level 3 charging" to clarify the types of charging equipment eligible for the credits.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Introduced, Referred to Assembly Commerce and Economic Development Committee (on 01/13/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/A1039 |
| BillText | https://pub.njleg.gov/Bills/2026/A1500/1039_I1.HTM |
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