New York State Alt Fuels & EV Recharging Property Credit
New York incentive
Industry:
Apartments and Condos
Auto Dealership
Automotive
Cities and Towns
Commercial Real Estate
Education
Entertainment and Stadiums
Federal and State Agencies
Fleets
Fueling & Convenience
Healthcare
Hospitality
New Construction
Parking Operators
Retail
Utilities
Workplace
For tax years beginning on or after January 1, 2023, New York State residents and business owners may be eligible for a nonrefundable credit related to alternative fuels vehicle refueling property or electric vehicle refueling property. The credit for each installation of property is equal to the lesser of $5,000 or 50% of the cost of the property less any cost paid form the proceeds of any grants or incentives.
