Bill Text: CA AB2675 | 2015-2016 | Regular Session | Amended
Bill Title: Sales and use tax exclusion: income taxes credits: electric vehicle infrastructure.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2016-11-30 - From committee without further action. [AB2675 Detail]
Download: California-2015-AB2675-Amended.html
BILL NUMBER: AB 2675 AMENDED
BILL TEXT
AMENDED IN ASSEMBLY MAY 2, 2016
INTRODUCED BY Assembly Member Chiu
FEBRUARY 19, 2016
An act to add Section 6012.10 to, and to add and repeal Sections
17053.61 and 23661 of, the Revenue and Taxation Code, relating to
taxation, to take effect immediately, tax levy.
LEGISLATIVE COUNSEL'S DIGEST
AB 2675, as amended, Chiu. Sales and use tax exclusion: income
taxes credits: electric vehicle infrastructure.
(1) Existing sales and use tax laws impose taxes on retailers,
measured by the gross receipts from the sale of tangible personal
property sold at retail in this state, or on the storage, use, or
other consumption in this state of tangible personal property
purchased from a retailer for storage, use, or other consumption in
this state, measured by sales price. The Sales and Use Tax Law
defines the terms "gross receipts" and "sales price."
This bill, on and after January 1, 2017, and before January 1,
2020, would exclude from the terms "gross receipts" and "sales price"
10 percent 10% of the gross receipts
or sales price of electric vehicle infrastructure, as defined,
that is sold, stored, used, or consumed in this state prior
to January 1, 2020. purchased for use at a qualified
dwelling, as defined. The bill would limit this exclusion to
that amount of gross receipts or sales price that does not exceed
$400,000.
The Bradley-Burns Uniform Local Sales and Use Tax Law authorizes
counties and cities and counties to
impose local sales and use taxes in conformity with the Sales and Use
Tax Law, and existing law authorizes districts, as specified, to
impose transactions and use taxes generally in
accordance with the Transactions and Use Tax Law, which generally
conforms to the Sales and Use Tax Law. Exemptions from state sales
and use taxes are incorporated into these laws.
This bill would specify that this exclusion does not apply to
local sales and use taxes or transactions and use taxes.
(2) The Personal Income Tax Law and the Corporation Tax Law allow
various credits against the taxes imposed by those laws.
This bill would allow a credit against those taxes for each
taxable year beginning on or after January 1, 2017, and before
January 1, 2020, in an amount equal to 10% of the costs paid or
incurred by the taxpayer for the purchase of electric vehicle
infrastructure, as defined, during the taxable year for use at
a qualified dwelling, as defined , not to exceed
$2,500, as specified.
(3) This bill would take effect immediately as a tax levy.
Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.
THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:
SECTION 1. Section 6012.10 is added to the Revenue and Taxation
Code, to read:
6012.10. (a) On and after January 1, 2017, and before January 1,
2020, and except as provided in paragraph (3) of subdivision
(b), for the purposes of this part, "gross receipts" and
"sales price" shall not include 10 percent of the qualified gross
receipts or qualified sales price of electric vehicle infrastructure
sold, stored, used, or consumed purchased for
use at a qualified dwelling in this state.
(b) As used in this section, the following definitions shall
apply:
(1) "Battery charging station" means any level of electric vehicle
supply equipment station that is designed and built in compliance
with Article 625 of the 2013 California Electrical Code and delivers
electricity from a source outside an electric vehicle into a plug-in
electric vehicle.
(1)
(2) "Electric vehicle infrastructure" means structures,
machinery, and equipment necessary and integral to support an
electric vehicle, including a battery charging
stations, station, battery exchange
stations, station, and rapid charging
stations. station.
(2)
(3) "Rapid charging station" means an industrial grade
electrical outlet that allows for faster charging of electric vehicle
batteries through higher power levels, which meets or
exceeds levels that meet or exceed any existing
standards, codes, or regulations in effect at the time of purchase.
(3)
(4) "Qualified gross receipts" and "qualified sales
price" mean that amount of gross receipts or sales price that does
not exceed four hundred thousand dollars ($400,000).
(5) "Qualified dwelling" means a multiunit dwelling, also known as
a multifamily residence or multifamily dwelling unit, a mobilehome
or manufactured home located at a mobilehome park, duplex, townhome,
apartment, and condominium.
(c) Notwithstanding any provision of the Bradley-Burns Uniform
Local Sales and Use Tax Law (Part 1.5 (commencing with Section 7200))
or the Transactions and Use Tax Law (Part 1.6 (commencing with
Section 7251)), the exclusion established by this section shall not
apply with respect to any tax levied by a county, city, or district
pursuant to, or in accordance with, either of those laws.
SEC. 2. Section 17053.61 is added to the Revenue and Taxation
Code, to read:
17053.61. (a) For each taxable year beginning on or after January
1, 2017, and before January 1, 2020, there shall be allowed a credit
against the "net tax," as defined in Section 17039, for the taxable
year in an amount equal to 10 percent of the amount paid or incurred
by the taxpayer for the acquisition of electric
vehicle infrastructure during the taxable year,
year for use at a qualified dwelling, not to exceed two
thousand five hundred dollars ($2,500).
(b) For the purposes of this section, the term "electric vehicle
infrastructure" has the same meaning as specified in Section 6012.10.
(b) As used in this section, the following definitions shall
apply:
(1) "Battery charging station" means any level of electric vehicle
supply equipment station that is designed and built in compliance
with Article 625 of the 2013 California Electrical Code, and delivers
electricity from a source outside an electric vehicle into a plug-in
electric vehicle.
(2) "Electric vehicle infrastructure" means structures, machinery,
and equipment necessary and integral to support an electric vehicle,
including a battery charging station, battery exchange station, and
rapid charging station.
(3) "Qualified dwelling" means a multiunit dwelling, also known as
a multifamily residence or multifamily dwelling unit, a mobilehome
or manufactured home located at a mobilehome park, duplex, townhome,
apartment, and condominium.
(4) "Rapid charging station" means an industrial grade electrical
outlet that allows for faster charging of electric vehicle batteries
through higher power levels that meet or exceed any existing
standards, codes, or regulations in effect at the time of purchase.
(c) In the case where the credit allowed by this section exceeds
the "net tax," the excess may be carried over to reduce the "net tax"
in the following year, and the succeeding three years, if necessary,
until the credit is exhausted.
(d) The Franchise Tax Board may prescribe rules, guidelines, or
procedures necessary or appropriate to carry out the purposes of this
section. Chapter 3.5 (commencing with Section 11340) of Part 1 of
Division 3 of Title 2 of the Government Code shall not apply to any
rule, guideline, or procedure prescribed by the Franchise Tax Board
pursuant to this section.
(e) Section 41 does not apply to the credit allowed by this
section.
(f) This section shall remain in effect only until
is repealed on December 1, 2020, and as
of that date is repealed. 2020.
SEC. 3. Section 23661 is added to the Revenue and Taxation Code,
to read:
23661. (a) For each taxable year beginning on or after January 1,
2017, and before January 1, 2020, there shall be allowed a credit
against the "tax," as defined in Section 23036, for the taxable year
in an amount equal to 10 percent of the amount paid or incurred by
the taxpayer for the acquisition of electric
vehicle infrastructure during the taxable year,
year for use at a qualified dwelling, not to exceed two
thousand five hundred dollars ($2,500).
(b) For the purposes of this section, the term "electric vehicle
infrastructure" has the same meaning as specified in Section 6012.10.
(b) As used in this section, the following definitions shall
apply:
(1) "Battery charging station" means any level of electric vehicle
supply equipment station that is designed and built in compliance
with Article 625 of the 2013 California Electrical Code, and delivers
electricity from a source outside an electric vehicle into a plug-in
electric vehicle.
(2) "Electric vehicle infrastructure" means structures, machinery,
and equipment necessary and integral to support an electric vehicle,
including a battery charging station, battery exchange station, and
rapid charging station.
(3) "Qualified dwelling" means a multiunit dwelling, also known as
a multifamily residence or multifamily dwelling unit, a mobilehome
or manufactured home located at a mobilehome park, duplex, townhome,
apartment, and condominium.
(4) "Rapid charging station" means an industrial grade electrical
outlet that allows for faster charging of electric vehicle batteries
through higher power levels that meet or exceed any existing
standards, codes, or regulations in effect at the time of purchase.
(c) In the case where the credit allowed by this section exceeds
the "tax," the excess may be carried over to reduce the "tax" in the
following year, and the succeeding three years, if necessary, until
the credit is exhausted.
(d) The Franchise Tax Board may prescribe rules, guidelines, or
procedures necessary or appropriate to carry out the purposes of this
section. Chapter 3.5 (commencing with Section 11340) of Part 1 of
Division 3 of Title 2 of the Government Code shall not apply to any
rule, guideline, or procedure prescribed by the Franchise Tax Board
pursuant to this section.
(e) Section 41 does not apply to the credit allowed by this
section.
(f) This section shall remain in effect only until
is repealed on December 1, 2020, and as
of that date is repealed. 2020.
SEC. 4. This act provides for a tax levy within the meaning of
Article IV of the Constitution and shall go into immediate effect.
