Find a 2017 Bill:

2017 Regular Session



Income Tax Credit - Energy Storage Systems

Sponsored by:

Delegate Reznik


In the Senate - Rereferred to Budget and Taxation

Synopsis:Allowing a credit against the State income tax for the total installed costs paid or incurred by a taxpayer that installs an energy storage system and who obtains a tax credit certificate from the Maryland Energy Administration; requiring the Administration to issue tax credits not to exceed specified amounts; prohibiting the Administration from issuing an aggregate amount of tax credit certificates exceeding $750,000 in a taxable year; applying the Act to all taxable years beginning after December 31, 2017; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegates Reznik, Fraser-Hidalgo, Barkley, Carr, Gutierrez, Jalisi, Korman, Lam, Luedtke, Patterson, Pena-Melnyk, Platt, and Sophocleus
Additional Facts:Cross-filed with: SB0758
Introduced in a prior session as: HB0386 Session: 2016 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2017
Ways and Means  View Committee HearingBudget and Taxation
Broad Subject(s):Taxes - Income
Narrow Subject(s):Administrative Agencies -see also- Electronic Government
Energy Matters -see also- Alt Energy Sou; Fuel; Power Plants
Income Tax
Prices -see also- Consumer Price Index
Rules and Regulations
Tax Credits
Statutes:Article - Tax - General

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

November 28, 2017 1:00 P.M.