HOUSE BILL 1110

File Code: Taxes - Income

Sponsored By:

Delegates Walkup and Rzepkowski

Entitled:

Income Tax Credit - Wind Energy Systems

Synopsis:

Allowing an individual or a corporation to claim a credit against the State income tax for 15% of the total installed costs of wind energy systems placed in service during the taxable year; limiting the credit to $2,000 for each wind energy system; applying the Act to tax years after 2001; etc.

History by Legislative Date

House Action

2/8

First Reading Ways and Means

2/20

Hearing 3/12 at 1:00 p.m.

3/22

Unfavorable Report by Ways and Means

Senate Action

No Action

Sponsored by:

Delegate Mary Roe Walkup, District 36

Delegate James E. Rzepkowski, District 32

Bill indexed under the following Subjects:

ENERGY MATTERS -see also- FUEL; POWER PLANTS; SOLAR ENERGY

EQUIPMENT -see also- MOTOR VEHICLE EQUIPMENT

INCOME TAX

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statutes:

Tax - General

( 10-722 , 10-724 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered