2004 Regular Session

SENATE BILL 577

File Code: Taxes - Income
Sponsored By:
Senator Teitelbaum
Entitled:
Income Tax - Credit for Geothermal Heat Pump

Synopsis:

Allowing an individual to claim a credit against the State income tax for up to $1,500 for the purchase price of a geothermal heat pump using ground loop technology if the heat pump is installed on or after January 1, 2004; defining "geothermal heat pump"; and providing for the application of the Act to tax years beginning after December 31, 2003.

History by Legislative Date

Senate Action
2/6
First Reading Budget and Taxation
3/10
Hearing 3/25 at 1:00 p.m.
3/29
Withdrawn
House Action
No Action
Bill indexed under the following Subjects:
ENERGY MATTERS -see also- FUEL; POWER PLANTS; SOLAR ENERGY
EQUIPMENT -see also- MOTOR VEHICLE EQUIPMENT
HEATING AND COOLING
INCOME TAX
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statute:
Tax - General
( 10-725 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered