Amended in Senate April 13, 2015

Senate Bill No. 578

Introduced by Senator Block

February 26, 2015

An act begin delete relating to public resources. end delete begin insert to add Sections 17053.83 and 23683 to the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy. end insert

LEGISLATIVE COUNSEL’S DIGEST

SB 578, as amended, Block. begin delete Electric vehicles: charging stations. end delete begin insert Income and corporation taxes: credit: electric vehicle charging stations. end insert

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The Personal Income Tax Law and the Bank and Corporation Tax Law allow various credits against the taxes imposed by those laws.

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This bill, for taxable years beginning on or after January 1, 2016, would allow a credit in an amount equal to 30% of the cost of purchasing Level 2 or direct current fast charger electric vehicle charging stations to be used in the trade or business of the taxpayer, not to exceed $30,000 per taxable year.

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This bill would take effect immediately as a tax levy.

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Existing law establishes the Clean Energy Upgrade Program, administered by the California Alternative Energy and Advanced Transportation Financing Authority to reduce overall costs by helping finance an applicant’s loan program for the installation of distributed generation renewable energy sources, electric vehicle charging infrastructure, or energy or water efficiency improvements that are permanently fixed to real property by providing a reserve or other financial assistance at a level to be determined by the State Energy Resources Conservation and Development Commission and the authority.

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This bill would state the intent of the Legislature to enact legislation that expands electric vehicle charging stations in the state.

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Vote: majority. Appropriation: no. Fiscal committee:  begin delete no end delete begin insert yes end insert . State-mandated local program: no.

The people of the State of California do enact as follows:

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begin insert SECTION 1. end insert   

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begin insert Section 17053.83 is added to the end insert begin insert Revenue and
Taxation Code end insert begin insert , to read: end insert

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begin insert 17053.83. end insert   

(a) For each taxable year beginning on or after
January 1, 2016, a credit against the “net tax,” as defined in
Section 17039, shall be allowed to a taxpayer in an amount equal
to 30 percent of the costs of purchasing any Level 2 or direct
current fast charger electric vehicle charging station, that is of a
character subject to an allowance for depreciation, placed in
service in California on or after January 1, 2016, not to exceed
$30,000 per taxable year.

(b) The Franchise Tax Board shall prescribe regulations as
necessary to carry out the provisions of this section.

(c) Section 41 does not apply to the credit allowed by this
section.

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begin insert SEC. 2. end insert   

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begin insert Section 23683 is added to the end insert begin insert Revenue and Taxation
Code end insert begin insert , to read: end insert

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begin insert 23683. end insert   

(a) For each taxable year beginning on or after
January 1, 2016, a credit against the “tax,” as defined in Section
23036, shall be allowed to a taxpayer in an amount equal to 30
percent of the costs of purchasing any Level 2 or direct current
fast charger electric vehicle charging station, that is of a character
subject to an allowance for depreciation, placed in service in
California on or after January 1, 2016, not to exceed $30,000 per
taxable year.

(b) The Franchise Tax Board shall prescribe regulations as
necessary to carry out the provisions of this section.

(c) Section 41 does not apply to the credit allowed by this
section.

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begin insert SEC. 3. end insert   

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This act provides for a tax levy within the meaning of
Article IV of the Constitution and shall go into immediate effect.

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begin delete

SECTION 1.  

It is the intent of the Legislature to enact
legislation that expands electric vehicle charging stations in the
state.

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