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2009 SESSION

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SB 1141 Income tax, state; renewable energy property tax credit.

Introduced by: L. Louise Lucas | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Income tax; renewable energy property tax credit.  Provides a tax credit for individuals and corporations for renewable energy property placed in service for taxable years beginning on and after January 1, 2009. Credits are approved on a first-come, first-served basis and cannot exceed $1,000,000 for individuals and $1,000,000 for corporations in any year. Renewable energy property means solar photovoltaic systems, solar thermal systems, and wind-powered electrical generators. The bill is contingent on supplemental appropriations that may be used for such credit being included in a federal stimulus package adopted by March 27, 2009.


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