New Jersey S59 provides tax credits for purchasing and installing electric vehicle charging stations.

New Jersey S59 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 2023, 2024, and 2025. For charging stations purchased and installed in 2023 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 2024 tax periods the credit is 15 percent of the cost, up to $300 per station; and for.

New Jersey S59 provides tax credits for purchasing and installing electric vehicle charging stations.

New Jersey S59 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 2023, 2024, and 2025. For charging stations purchased and installed in 2023 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 2024 tax periods the credit is 15 percent of the cost, up to $300 per station; and for.