Legislation
- Title
- Income Tax Credit - Energy Storage Systems
- Sponsored by
- Senator Guzzone
- Status
- Approved by the Governor - Chapter 389
- Analysis
- Fiscal and Policy Note (Revised)
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.
Committees
- Opposite:
- Ways and Means Click to view Recorded Media
Details
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10-719 )
Last Updated: 2/3/2020 2:35 PM