New Jersey A1867 provides tax credits for businesses investing in electric vehicle charging stations and zero emission vehicles.

New Jersey A1867 offers corporation business tax and gross income tax credits for businesses that purchase and install electric vehicle charging stations and convert their fleets to commercial zero emission vehicles. The credit for charging stations is 50% of the amount paid, up to $1,000 per station. For zero emission vehicles, the credit is 50% of the difference between the cost of the zero emission vehicle and a comparable conventionally fueled vehicle, with caps of $25,000, $50,000, or $100,000 based on vehicle weight.

New Jersey A1867 provides tax credits for businesses investing in electric vehicle charging stations and zero emission vehicles.

New Jersey A1867 offers corporation business tax and gross income tax credits for businesses that purchase and install electric vehicle charging stations and convert their fleets to commercial zero emission vehicles. The credit for charging stations is 50% of the amount paid, up to $1,000 per station. For zero emission vehicles, the credit is 50% of the difference between the cost of the zero emission vehicle and a comparable conventionally fueled vehicle, with caps of $25,000, $50,000, or $100,000 based on vehicle weight.