HOUSE BILL 595

Sponsored By:

Delegates Cardin, Morhaim, and Schuler

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

House Action

2/8

First Reading Ways and Means

2/9

Hearing 2/27 at 1:00 p.m.

3/19

Unfavorable Report by Ways and Means

Senate Action

No Action

Sponsored by:

Delegate Jon S. Cardin, District 11

Delegate Dan K. Morhaim, District 11

Delegate Todd Schuler, District 8

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