HB 276 Summary

• Establishes a nonrefundable income tax credit for commercial property owners who designate parking spaces for peer-to-peer car-sharing vehicles under written agreement.

• Credit amount per parking space is left blank in the bill text and requires legislative determination.

• Allows partnerships, S corporations, estates, and trusts to claim the credit; distribution of credit among owners determined by administrative rule.

• Excess credits not used in the current year may be carried forward to subsequent taxable years until exhausted.

• Applies to taxable years beginning after December 31, 2022; effective date specified as July 1, 3000 (appears to be a drafting error).