2017 -- H 5836

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LC001932

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2017

____________

A N   A C T

RELATING TO TAXATION -- PUBLIC ELECTRIC VEHICLE CHARGING STATIONS TAX

CREDIT

     Introduced By: Representatives Tanzi, Carson, Ruggiero, Fogarty, and Knight

     Date Introduced: March 02, 2017

     Referred To: House Finance

     It is enacted by the General Assembly as follows:

     SECTION 1. Title 44 of the General Laws entitled "TAXATION" is hereby amended by

adding thereto the following chapter:

CHAPTER 70

PUBLIC ELECTRIC FUELED VEHICLE CHARGING STATION TAX CREDIT

     44-70-1. Definitions.

     As used in this chapter:

     (1) "Alternative fuel" and "alternative fueled vehicle" are defined pursuant to the Energy

Policy Act of 1992 (Pub. L. 102-486, Sec. 301 (42 U.S.C. 13211)).

     44-70-2. Tax credits for businesses.

     (a) There is allowed as a credit against the tax liability imposed against a taxpayer

pursuant to chapters 11, 13, or 30 of this title, with respect to income years of the taxpayer

commencing on or after January 1, 2017, an amount equal to thirty percent (30%) of the capital,

labor and equipment costs incurred by the taxpayer directly for the construction of any electric

charging station or improvements to any existing filling station in order to provide an electric

recharging station or improvements to any existing recharging station in order to provide for the

recharging of electric vehicles, to a maximum amount of thirty thousand dollars ($30,000).

     (b) The recharging station must be available for public use twenty-four (24) hours a day,

seven (7) days a week, and the parking place attached must be reserved exclusively for such use.

     (c) The amount of the credit allowed by this chapter may be transferred and/or assigned

by one taxpayer to another; provided, that the transferee is a parent, subsidiary, or affiliate of, or

is subject to common ownership, management and control with, the transferor.

     (d) In the case where the credit allowed by this chapter exceeds the amount of tax liability

imposed against a taxpayer pursuant to chapters 11, 13, or 30 of this title, and to the extent the

taxpayer has not transferred or assigned its credits pursuant to subsection (c) of this section, the

taxpayer may carry forward the unused credit or any unused portions of the credit and apply the

credit to its tax liability for any one or more of the succeeding five (5) years.

     SECTION 2. This act shall take effect upon passage.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO TAXATION -- PUBLIC ELECTRIC VEHICLE CHARGING STATIONS TAX

CREDIT

***

     This act would allow a tax credit of thirty percent (30%) of the construction cost of an

electric fueled vehicle charging station to a maximum of thirty thousand dollars ($30,000).

     This act would take effect upon passage.

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LC001932

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