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Mar 21, 2012 NEWSwire
a d v e r t i s e r

New Jersey Bill to Promote Electric Cars Advances

Under the bill, charging stations purchased and installed in 2013 will be allowed a credit in an amount of 25 percent of the cost.

Published: 21-Mar-2012

TRENTON –Legislation to promote electric vehicle usage by providing corporation business tax credit and gross income tax credits for buying and installing electric vehicle charging stations was recently approved by the Assembly.

The bill (A-566) was Ok’d by a vote of 54-20-5.

“We should be doing all we can to promote electric car usage and purchases in New Jersey,” said Assemblyman Craig Coughlin (D-Middlesex), a sponsor of the proposed legislation. “This bill isn’t a cure-all, but it’s certainly a great stride toward making New Jersey a friendly state for electric cars, and that’s a great thing.”

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