SB 1228 - For all tax years beginning on or after January 1, 2025, this act allows a taxpayer to claim a tax credit in the amount of $2,500 for each qualified purchase of an electric vehicle, as such terms are defined in the act. Tax credits authorized by this act shall not be refundable or transferable, but may be carried forward for three tax years. This act shall sunset on December 31, 2030, unless reauthorized by the General Assembly.
This act is identical to SB 516 (2023), SB 583 (2023), SB 1193 (2022), and HB 2756 (2022), and is substantially similar to SB 1206 (2024) and HB 1526 (2022).
JOSH NORBERG