Bill Summary for S 592 (2021-2022)

Summary date: 

Apr 6 2021

Bill Information:

View NCGA Bill Details2021
Senate Bill 592 (Public) Filed Tuesday, April 6, 2021
AN ACT TO ALLOW AN INCOME TAX CREDIT FOR THE PURCHASE OF A NEW PLUG-IN ELECTRIC VEHICLE.
Intro. by Garrett, Salvador, Nickel.

View: All Summaries for BillTracking:

Bill summary

Amends Part 2 of Article 4 of Subchapter I of Chapter 105 of the General Statutes (Individual Income Tax) to add GS 105-153.11 creating a $3,000 income tax credit for purchasers of a new plug-in electric vehicle. Effective for tax years beginning on or after January 1, 2022.

© 2022 School of Government The University of North Carolina at Chapel Hill

This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.

Printer-friendly: Click to view