Introduced
by
To authorize a refundable income tax credit equivalent to 50 percent of the amount spent on a wind, water, biomass or solar energy system in a residence. “Refundable” means the state would write a check for the amount exceeding a taxpayer’s income tax liability, in effect making this a cash subsidy in many cases. In effect, the state would subsidize 50 percent of the cost of such purchases.
Referred to the Committee on Energy and Technology
