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2001 SESSION
HB 2474 Income tax credit; solar energy equipment.
Introduced by: Kenneth R. Plum | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Income tax credit; solar energy equipment. Provides a personal and corporate income tax credit 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 shall be 15 percent of the cost of purchasing and installing eligible equipment, capped at $1,000 per year. The credit is nonrefundable, and any unused tax credit may be carried over for five years until all the tax credit is taken. The equipment must provide a minimum of 10 percent of the building’s energy needs, and must be approved by the Department of Mines, Minerals, and Energy. This is a recommendation of the Consumer Advisory Board established under the Electric Utility Restructuring Act. The credit sunsets January 1, 2006. This bill was incorporated into HB 2416.
FULL TEXT
- 01/10/01 House: Presented & ordered printed, prefiled 01/10/01 010035888 pdf | impact statement
- 01/23/01 House: Committee substitute printed 011342888-H1 pdf | impact statement
HISTORY
- 01/10/01 House: Presented & ordered printed, prefiled 01/10/01 010035888
- 01/10/01 House: Referred to Committee on Finance
- 01/18/01 House: Assigned to Finance sub-committee: 1
- 01/22/01 House: Reported from Finance with sub (21-Y 2-N)
- 01/23/01 House: Committee substitute printed 011342888-H1
- 01/24/01 House: Read first time
- 01/25/01 House: Read second time
- 01/25/01 House: Committee substitute agreed to 011342888-H1
- 01/25/01 House: Engrossed by House - committee substitute 011342888-H1
- 01/26/01 House: Read third time and passed House (93-Y 3-N 1-A)
- 01/26/01 House: VOTE: PASSAGE (93-Y 3-N 1-A)
- 01/26/01 House: Communicated to Senate
- 01/29/01 Senate: Constitutional reading dispensed
- 01/29/01 Senate: Referred to Committee on Finance
- 02/21/01 Senate: Left in Finance