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Legislation


2007 Regular Session

SENATE BILL 615

File Code: Taxes - Income Crossfiled with: HOUSE BILL 595
Sponsored By:
Senators Madaleno, Della, Frosh, Lenett, and Robey
Entitled:
Tax General - Income Tax Credit - Energy-Efficient Residential Heating and Cooling Systems

Synopsis:

Allowing individuals and corporations specified credits against the State income tax for costs associated with the purchase and installation of energy-efficient residential heating and cooling systems for a specified period of time; specifying standards to qualify for the credit; limiting the total credits that an individual may be allowed for any taxable year; authorizing the Maryland Energy Administration to adopt regulations to establish and implement the program; providing for the application of the Act; etc.

History by Legislative and Calendar Date

Senate Action
2/2
First Reading Budget and Taxation
2/14
Hearing 3/7 at 1:00 p.m.
2/26
Hearing cancelled
Hearing 3/14 at 1:00 p.m.
3/13
Hearing cancelled
House Action
No Action

Sponsored by:

Senator Richard S. Madaleno, Jr., District 18
Senator George W. Della, Jr., District 46
Senator Brian E. Frosh, District 16
Senator Mike Lenett, District 19
Senator James N. Robey, District 13

Bill indexed under the following Subjects:

Administrative Agencies -see also- Electronic Government
Conservation -see also- Soil Conservation
Energy Matters -see also- Fuel; Power Plants; Solar Energy
Equipment -see also- Motor Vehicle Equipment
Heating and Cooling
Income Tax
Rules and Regulations
Tax Credits -see also- Circuit Breaker

Bill affects the following Statute:

Tax - General
( 10-726 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered
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