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Set up EV charging stations, and get a 2% rebate in Property Tax – EQ Mag Pro

Set up EV charging stations, and get a 2% rebate in Property Tax – EQ Mag Pro

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To fight climate change and promote alternate energy, Nagpur Municipal Corporation (NMC) has decided to provide incentive of 2 per cent in property tax to builders who set up electric charging stations at their properties.

Air pollution is one of the major concerns. World over efforts are on to push urban denizens towards electric vehicles for pollution-free environment. While electric vehicles are making inroads, to push the fence-sitters, the civic body has decided to sweeten the deal under State Government’s Electric Vehicle Policy, 2021.

The 2 per cent rebate in property tax will be excluding the State Government cess, states a decision announced by Municipal Commissioner and Administrator Radhakrishnan B. The properties in the NMC area where the property owners/institutions have set up charging stations for electric vehicles can also avail the benefit under this policy.

The Property Tax Department has issued a notification about the rebate for promotion of electric charging stations. As per the policy, the charging station should be set up for one’s own vehicle at a place where traffic will not be obstructed in one’s own property. If the charging facility is provided for other electric vehicles, the property owners concerned will be given 2 per cent rebate in the Property Tax.

Apart from this, if the facility of electric vehicle charging is provided to the members under the shared facilities in the housing society, the respective landholder in the respective flat/apartment will be entitled for 2.5 per cent rebate, excluding the Government share in the Tax in the land-based property tax. NMC has further stated, housing societies can opt for setting up electric vehicle charging facility on commercial basis in their premises, except the same should not be located in the main parking lot but at other open space within premises. In such cases, the societies will be assessed on domestic rate and not on commercial rate. So, housing society can put to use surplus vacant space for commercial purposes and also get concession in Property Tax. Municipal Commissioner has appealed to housing societies to avail benefit.

Anand Gupta Editor - EQ Int'l Media Network