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NC S592

Bill

Status

Introduced

4/6/2021

Primary Sponsor

Michael Garrett

Click for details

Origin

Senate

2021-2022 Session

AI Summary

  • Allows North Carolina taxpayers a $3,000 income tax credit for purchasing a new plug-in electric vehicle as defined in G.S. 20-4.01
  • Credit cannot exceed the total state income tax owed for the taxable year, minus all other allowable credits (excluding tax payments already made)
  • Effective for taxable years beginning on or after January 1, 2022
  • Sponsored by Senators Garrett, Salvador, and Nickel
  • Referred to the Rules and Operations of the Senate

Legislative Description

Plug-In Electric Vehicle Tax Credit

Public

Last Action

Ref To Com On Rules and Operations of the Senate

4/7/2021

Committee Referrals

Rules and Operations of the Senate4/7/2021

Full Bill Text

No bill text available