HB1198

2013 Regular Session

 

Entitled:

Income Tax Credit - Renewable Energy Systems

Sponsored by:

Delegate Myers

Status:

In the House - Hearing 3/07 at 1:00 p.m.


Synopsis:Allowing an individual or a corporation to claim a credit against the State income tax for 15% of the cost of a renewable energy system; requiring a renewable energy system for which a credit is claimed to satisfy specified requirements; providing that the amount of the credit may not exceed the State income tax for a taxable year; authorizing an individual or a corporation to apply any excess amount of the credit against the State income tax for succeeding taxable years; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Myers, Aumann, Bates, Beitzel, Cluster, Eckardt, Elliott, Frank, Haddaway-Riccio, Hogan, Hough, McComas, McDermott, W. Miller, Ready, Serafini, Smigiel, and Stocksdale
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2013
Committee(s):
Ways and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Alternative Energy Sources
Comptroller
Corporations -see also- Municipal Corps; Public Corps & Inst
Energy Matters -see also- Alt Energy Res; Fuel; Power Plants
Income Tax
Rules and Regulations
Tax Credits -see also- Circuit Breaker
Statutes:Article - Tax - General
(10-719)

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October 24, 2017 1:05 P.M.