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Tax Credit for Zero-Emission Electric Landscaping Equipment

This act introduces a business tax credit for companies purchasing zero-emission electric lawn, garden, and landscape equipment. The goal is to encourage the use of more environmentally friendly tools, potentially leading to cleaner air in your community. Businesses can recover a portion of their purchase costs, which may reduce their expenses and potentially impact service prices.
Key points
Businesses can receive a tax credit equal to 40% of the cost of new, zero-emission electric lawn, garden, and landscape equipment.
The annual credit limit is $25,000, with an aggregate limit of $100,000 over any consecutive 10-year period.
Eligible equipment includes a wide range of tools, such as mowers, handheld devices, chargers, batteries, and retrofit kits for existing equipment.
These changes apply to expenses paid or incurred in taxable years beginning after December 31, 2022.
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Additional Information
Print number: 118_HR_6013
Sponsor: Rep. Correa, J. Luis [D-CA-46]
Process start date: 2023-10-25