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House Bill 1347


House Bill 1347

ARCHIVE (2009)

Latest Information

 

DIGEST OF HB1347 (Updated February 17, 2009 3:27 pm - DI 84)


Renewable energy. Provides a credit against state tax liability beginning January 1, 2011, to taxpayers that manufacture or assemble certain renewable energy technologies. Provides that the Indiana economic development corporation (IEDC) makes credit awards for the manufacture or assembly of renewable energy technology. Provides that the IEDC may not make a credit award for the manufacture or assembly of renewable energy technology after December 31, 2012. Provides a separate credit against state tax liability beginning January 1, 2011, to business taxpayers that make capital investments in renewable or alternative energy technology. Provides that the IEDC makes credit awards for capital investments in renewable or alternative energy technology. Provides that the IEDC may not make a credit award to business taxpayers that make capital investments in renewable or alternative energy technology after December 31, 2012. Requires the utility regulatory commission (IURC) to adopt emergency rules amending the IURC's net metering and interconnection rules for electric utilities. Provides that the amended rules must: (1) make net metering available to certain specified customer classes; (2) allow a net metering customer to interconnect a generating facility with a nameplate capacity of one megawatt or less to the distribution facility of an electric utility; and (3) allow a net metering customer to interconnect a generating facility that makes use of certain specified technologies. Provides that the existing rules are void to the extent they do not comply with the requirements for the amended rules. Provides that the amended rules do not apply to rural electric membership corporations. Requires the IURC to report to the regulatory flexibility committee on the IURC's progress in adopting the amended rules.
Current Status:
 In Committee - 2nd House
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