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2006 SESSION

• | print version

SB 91 Income tax, corporate and state; production of electricity from renewable resources tax credit.

Introduced by: John C. Watkins | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax credit; production of electricity from renewable resources.  Provides an individual and corporate income tax credit for producing electricity from renewable resources of energy. Tax credit would be allowed for electricity that is produced in the 10-year period beginning on the date that a qualified facility for producing electricity from renewable resources is placed in service. The credit amount would equal 0.85 cents for each kilowatt of electricity produced from renewable resources that is sold by the taxpayer to an unrelated person.

The bill would be effective for taxable years beginning January 1, 2007.

FULL TEXT

• 01/06/06  Senate: Prefiled and ordered printed; offered 01/11/06 069107840  pdf | impact statement

HISTORY

• 01/06/06  Senate: Prefiled and ordered printed; offered 01/11/06 069107840
• 01/06/06  Senate: Referred to Committee on Finance
• 02/14/06  Senate: Left in Finance (15-Y 0-N)