MI HB4789

Allows taxpayers to claim an income tax credit for costs of purchasing and installing new electric vehicle charging stations in Michigan, effective for tax years beginning January 1, 2020.

Provides 25% credit up to $1,250 per charging station for residential rental property owners (multiple-unit dwellings), and 35% credit up to $1,750 per station for businesses with 50 or fewer employees installing public charging stations.

Requires Michigan Agency for Energy to certify installations and issue certificates before credits can be claimed, with caps of 4,000 stations for each category (residential and public).

Taxpayers who stop providing public charging for plug-in electric vehicles within 3 years of receiving the credit may have the credit reduced, terminated, or have a percentage of the claimed credit added back to their tax liability.

Any credit exceeding the taxpayer's tax liability for the year shall be refunded.