New Jersey S4558 provides tax credits for purchasing and installing electric vehicle charging stations.
New Jersey S4558 provides corporation business tax credits and gross income tax credits for the purchase and installation of certain electric vehicle charging stations. The credits are available for tax periods beginning in calendar years 2023, 2024, and 2025. For 2023, the credit is 25 percent of the cost, up to $500 per station; for 2024, it is 15 percent of the cost, up to $300 per station; and for 2025, it is 8 percent of the cost, up to $150 per station. Married taxpayers filing separately are allowed up to half of those amounts.
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