Tax breaks for businesses that install electric vehicle charging stations
Official: A1039 — Provides corporation business tax credit and gross income tax credits for purchase and installation of certain electric vehicle charging stations.
Reading: Creates new tax credits to incentivize purchase and installation of electric vehicle charging infrastructure, expanding clean energy transportation support.
This helps make it cheaper and more affordable for businesses to add EV chargers to their locations.
In clear language
This bill offers tax credits to businesses that buy and install electric vehicle charging stations. Tax credits are reductions in the taxes a business owes the state. This helps make it cheaper and more affordable for businesses to add EV chargers to their locations.
How does this affect you?
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Who does this affect?
- Business owners and companies considering installing EV charging stations
- Drivers of electric vehicles looking for more places to charge
- Communities hoping to expand EV charging infrastructure
- New Jersey's economy through job creation in installation and maintenance
What can you do?
- If you own a business, look into whether you qualify for these tax credits when planning to install charging stations
- Support this bill by contacting your state representatives to encourage its passage
- Encourage local businesses you frequent to install EV chargers using these available tax incentives
Timeline
- 2026-01-13: Bill introduced and sent to Assembly Commerce and Economic Development Committee
No New Jersey official has a verified action on this policy yet.
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- NJ LegislatureMay 28, 2026New Standards for Building Electric Vehicle Charging Stations
This bill creates flexible rules for how developers must build electric vehicle charging stations and parking spaces ready for charging equipment. The rules vary based on how powerful the chargers are. This aims to make it easier and more affordable for property owners to install EV charging infrastructure.
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This bill makes it easier to build and install electric vehicle charging stations across New Jersey by removing some approval steps, while keeping important safety checks and inspections in place. The goal is to speed up the process for getting charging equipment ready for public use without cutting corners on safety. This could help more charging stations get built faster in communities across the state.