SB0758 (CH0389)

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2017 Regular Session



Income Tax Credit - Energy Storage Systems

Sponsored by:

Senator Guzzone


Approved by the Governor - Chapter 389

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:Senator Guzzone
Additional Facts:Cross-filed with: HB0490
Introduced in a prior session as: SB0834 Session: 2016 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2017
Budget and Taxation  View Committee HearingWays and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):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

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November 28, 2017 1:12 P.M.