Introduced
by
To authorize income tax credits of between $25 and $350 for various energy-saving home improvements installed in a taxpayer’s principle residence, such as a new furnace, insulation, installing a heat pump, etc.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that does not provide tax breaks for certain efficiency purchases, but instead provides larger ones for certain home purchases and renovations.
The substitute passed by voice vote
Passed in the House 104 to 0 (details)
To authorize income tax credits of up to $5,000 for the purchase of a newly constructed "green residential structure" (as defined by special interest organizations), and up to $2,000 for a "green" renovation or addition to an existing owner-occupied residence. The credits would not be refundable but unused portions could be carried forward to use against future tax liabilities.
Referred to the Committee on Finance
