Pennsylvania SB485 establishes a tax credit for residential electric vehicle charging stations, up to $2,000.
Pennsylvania SB485 amends the Tax Reform Code of 1971 to include a new Residential Electric Vehicle Charging Station Tax Credit. This credit applies to the cost of purchasing and installing an electric vehicle charging station at a taxpayer's primary residence. The credit is capped at $2,000 and can be applied against the taxpayer's tax liability. If the credit exceeds the taxpayer's liability, the excess amount is refunded.
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