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House Bill 1040


House Bill 1040

ARCHIVE (2003)

Latest Information

 

DIGEST OF INTRODUCED BILL


Energy efficiency tax incentives. Exempts sales of certain energy efficient electrical appliances, heating and cooling products, and fuel cells from the state gross retail tax. Entitles a taxpayer to a credit against the taxpayer's state tax liability if the taxpayer installs a qualified energy system in a building owned by the taxpayer. Provides that, for a single family dwelling, the credit amount is the lesser of: (1) $3,000; or (2) 25% of the costs of the qualified energy system and its installation. Provides that, for a building that is not a single family dwelling, the credit amount is the lesser of: (1) $10,000; or (2) 25% of the costs of the qualified energy system and its installation. Requires a taxpayer to obtain a qualified energy system certificate from the department of commerce to claim the credit.
Current Status:
 In Committee - first House
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