SENATE BILL 577

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Withdrawn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