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2012 SESSION

• | print version

HB 883 Income tax, state; credit for solar energy equipment systems.

Introduced by: Mark D. Sickles | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax credit; solar energy equipment systems.  Provides a personal and corporate income tax credit beginning January 1, 2012, for the purchase and installation of equipment that (i) generates electricity from solar energy or (ii) uses solar energy to heat or cool a structure or provide hot water. The amount of the credit would be 10 percent of the cost of purchasing and installing eligible solar energy equipment systems, capped at $1,000 per year. Any unused tax credit could be carried over for five years until all the tax credit is taken. The solar energy equipment system must provide a minimum of 10 percent of the energy needs of the structure in which it is installed, and must be approved by the Department of Mines, Minerals and Energy.

FULL TEXT

• 01/11/12  House: Prefiled and ordered printed; offered 01/11/12 12102214D  pdf | impact statement

HISTORY

• 01/11/12  House: Prefiled and ordered printed; offered 01/11/12 12102214D
• 01/11/12  House: Referred to Committee on Finance
• 02/06/12  House: Continued to 2013 in Finance by voice vote