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| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB2804 Introduced 2/16/2023, by Rep. Dave Vella SYNOPSIS AS INTRODUCED:
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Amends the Illinois Income Tax Act. Creates a credit for taxpayers that install an electric vehicle charging station at a business location in the State during the taxable year and use a contractor that participates in an apprenticeship program for the installation. Effective immediately.
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| | A BILL FOR |
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| | HB2804 | | LRB103 27388 HLH 53760 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Income Tax Act is amended by |
| 5 | | adding Section 234 as follows:
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| 6 | | (35 ILCS 5/234 new) |
| 7 | | Sec. 234. Electric vehicle charging stations. |
| 8 | | (a) For taxable years beginning on or after January 1, |
| 9 | | 2024, each taxpayer that installs an electric vehicle charging |
| 10 | | station at a business location in the State during the taxable |
| 11 | | year and uses a contractor that participates in an |
| 12 | | apprenticeship program for the installation is entitled to a |
| 13 | | credit against the taxes imposed by subsections (a) and (b) of |
| 14 | | Section 201 in an amount equal to the amount spent by the |
| 15 | | taxpayer on the installation of the charging station. |
| 16 | | (b) In no event shall a credit under this Section reduce |
| 17 | | the taxpayer's liability to less than zero. If the amount of |
| 18 | | the credit exceeds the tax liability for the year, the excess |
| 19 | | may be carried forward and applied to the tax liability of the |
| 20 | | 5 taxable years following the excess credit year. The tax |
| 21 | | credit shall be applied to the earliest year for which there is |
| 22 | | a tax liability. If there are credits for more than one year |
| 23 | | that are available to offset a liability, the earlier credit |