2002 Regular Session

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