Bill Text: CA SB578 | 2015-2016 | Regular Session | Amended

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Bill Title: Income and corporation taxes: credit: electric vehicle charging stations.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2016-02-01 - Returned to Secretary of Senate pursuant to Joint Rule 56. [SB578 Detail]

Download: California-2015-SB578-Amended.html

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BILL NUMBER: SB 578	AMENDED
	BILL TEXT

	AMENDED IN SENATE  APRIL 13, 2015

INTRODUCED BY   Senator Block

                        FEBRUARY 26, 2015

   An act  relating to public resources.   to
add Sections 17053.83 and 23683 to the Revenue and Taxation Code,
relating to taxation, to take effect immediately, tax levy. 


	LEGISLATIVE COUNSEL'S DIGEST


   SB 578, as amended, Block.  Electric vehicles: charging
stations.   Income and corporation taxes: credit:
electric vehicle charging stations.  
   The Personal Income Tax Law and the Bank and Corporation Tax Law
allow various credits against the taxes imposed by those laws. 

   This bill, for taxable years beginning on or after January 1,
2016, would allow a credit in an amount equal to 30% of the cost of
purchasing Level 2 or direct current fast charger electric vehicle
charging stations to be used in the trade or business of the
taxpayer, not to exceed $30,000 per taxable year.  
   This bill would take effect immediately as a tax levy. 

   Existing law establishes the Clean Energy Upgrade Program,
administered by the California Alternative Energy and Advanced
Transportation Financing Authority to reduce overall costs by helping
finance an applicant's loan program for the installation of
distributed generation renewable energy sources, electric vehicle
charging infrastructure, or energy or water efficiency improvements
that are permanently fixed to real property by providing a reserve or
other financial assistance at a level to be determined by the State
Energy Resources Conservation and Development Commission and the
authority.  
   This bill would state the intent of the Legislature to enact
legislation that expands electric vehicle charging stations in the
state. 
   Vote: majority. Appropriation: no. Fiscal committee:  no
  yes  . State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

   SECTION 1.    Section 17053.83 is added to the 
 Revenue and Taxation Code   , to read:  
   17053.83.  (a) For each taxable year beginning on or after January
1, 2016, a credit against the "net tax," as defined in Section
17039, shall be allowed to a taxpayer in an amount equal to 30
percent of the costs of purchasing any Level 2 or direct current fast
charger electric vehicle charging station, that is of a character
subject to an allowance for depreciation, placed in service in
California on or after January 1, 2016, not to exceed $30,000 per
taxable year.
   (b) The Franchise Tax Board shall prescribe regulations as
necessary to carry out the provisions of this section.
   (c) Section 41 does not apply to the credit allowed by this
section. 
   SEC. 2.    Section 23683 is added to the  
Revenue and Taxation Code   , to read:  
   23683.  (a) For each taxable year beginning on or after January 1,
2016, a credit against the "tax," as defined in Section 23036, shall
be allowed to a taxpayer in an amount equal to 30 percent of the
costs of purchasing any Level 2 or direct current fast charger
electric vehicle charging station, that is of a character subject to
an allowance for depreciation, placed in service in California on or
after January 1, 2016, not to exceed $30,000 per taxable year.
   (b) The Franchise Tax Board shall prescribe regulations as
necessary to carry out the provisions of this section.
   (c) Section 41 does not apply to the credit allowed by this
section.
   SEC. 3.    This act provides for a tax levy within
the meaning of Article IV of the Constitution and shall go into
immediate effect. 
  SECTION 1.    It is the intent of the Legislature
to enact legislation that expands electric vehicle charging stations
in the state.