An Act relating to building more electric car charging stations
AN ACT relating to electric car charging stations
Be it enacted by the Youth Model Legislature of the State of New Jersey to create a program in which business can invest money into building more electric car charging stations in exchange for tax credits
Section I: Definitions Tax Credit: An amount of money that can be offset against a tax liability Greenhouse Gases: a gas that contributes to the greenhouse, increase the outside temperature, effect by absorbing infrared radiation Electric Vehicles: A vehicle that uses one or more electric motors or traction motors for propulsion and produce no emmisons.
Section II: The program shall create a state-directed trust fund in which investing businesses can contribute monetary funds.
Section III: These funds shall be distributed to the New Jersey Bureau of Mobile Sources in order to create more electric vehicles (EV) charging stations
Section IV: New Jersey Bureau of Mobile Sources shall use the funds to create a new board composed of engineers and infrastructural workers to create new charging stations throughout the state, focusing on the New Jersey Turnpike
Section V: In turn, the investing business shall be compensated by the government for the full amount of their investment with a deduction from their taxable income
Effective Date: This Bill shall go in effect on January 1st, 2020
Statement of Intent:
Statement of Intent: The purpose of this bill is to entice business to invest in creating EV charging stations in order to expand the market for EV, which shall help the environment by cutting down on harmful gas emissions. There is clearly a problem with the air quality in the state of NJ as the American Lung Association gave 11 out of 21 counties in NJ a rating of F for air quality. This poor air quality can be directly linked to harmful emissions produced by vehicles as transportation accounts for 40% of the greenhouse gases in the state. This poor air quality can be very harmful to NJ citizens by causing asthma attacks and other respiratory issues. According to the American Automobile Association 58% of drivers are worried that if they purchased an electric car they would become stranded without any access to a charging station; therefore, by implementing more charging stations they would be less worried about running out of electricity which would encourage more people to purchase eco-friendly electric vehicles.
Although the provisions of tax credits would create an initial cost, the money produced from the charging stations would cover the cost and create a profit as a result of this program
Funds necessary for the implementation of this law will come from the investing businesses. Funds generated as a result of this law will go to the New Jersey Bureau of Moblie Sources. The implementation of this law will fall under the jurisdiction of the New Jersey Bureau of Moblie Sources.