Michigan House Bill HB4708

Michigan 2023-2024 Regular Session

• Introduced: 6/8/23
• Refer: 6/8/23

Caption

Property tax: exemptions; electric vehicle charging stations; exempt. Amends secs. 27 & 34d of 1893 PA 206 (MCL 211.27 & 211.34d) & adds sec. 7yy.

Impact

The legislation aims to promote the development and installation of electric vehicle charging infrastructure within Michigan. By exempting these charging stations from property taxes, the state seeks to incentivize both public and private investments in electric vehicle technology, aiming at a cleaner and more sustainable transportation system. This change reflects a broader push towards enhancing electric vehicle accessibility and reducing reliance on fossil fuels.

Summary

House Bill 4708 amends Michigan's General Property Tax Act to provide tax exemptions for real and personal property that constitutes qualified electric vehicle charging stations. Specifically, under the new section 7yy, all qualified charging stations are exempt from being taxed beginning with levies after December 31, 2023. This exemption includes both Level 2 charging stations and direct current fast charging (DCFC) stations, which are crucial for supporting the growing network of electric vehicles across the state.

Contention

However, there may be points of contention regarding the bill. Critics could argue that while promoting electric vehicles is beneficial for environmental outcomes, the removal of property tax revenues from local governments could hinder their ability to fund essential services. The legislation balances environmental priorities with fiscal responsibilities, raising questions about the long-term implications for local governance and public revenue streams.