E-Vehicle Recharging Equipment Tax Credit
Maryland residents and businesses can earn up to a $400 income tax credit for purchasing
an electric vehicle charging station, more specifically known as Electric Vehicle Supply
To qualify for the credit:
Qualified EVSEs must be installed and placed in service on or after July 1, 2011, but before
January 1, 2017. Eligible electric vehicle supply equipment includes property used for the
charging of motor vehicles propelled by electricity that meets the definition of qualified fuel
vehicle refueling property in Section §30C of the Internal Revenue Code. Qualified EVSE’s
must be certified by a nationally recognized testing laboratory. Eligible participants must
apply for a credit certificate with the Maryland Energy Administration.
How the credit is calculated:
The credit is 20% of the amount paid to purchase a EVSE, or $400, whichever is less.
Individuals are limited to one tax credit and business entities are limited to thirty tax
credits. The tax credit may not exceed the applicant’s State income tax and may not be
carried over to another tax year.
For taxable year beginning after December 31, 2013, taxpayers must file their income tax
return electronically (Form 500 for Corporations, Form 510 and Form 510 Schedule K-1 for
Pass-Through Entities, and Form 502 or 505 for Individuals). They must complete the
Business Tax Credit Form 500CR to claim this tax credit and include a binary attachment or
PDF of the certification received from the Maryland Energy Administration.
Maryland Energy Administration
60 West Street, Suite 300
Annapolis, MD 21401
828A E. Baltimore St.
Baltimore, MD 21202
McMillan Consulting is not affiliated with the state of Maryland. This document is for
informational purposes. Contact us, the appropriate agency for this credit or your tax
professional for further assistance. You can view Maryland's tax credits by visiting
http://macadvises.net/mdtaxsignal.php and clicking on the MD Business Tax
Credits link. We can send you a hard copy of this or any of our info sheets for Maryland