2008 Senate Bill 1040

Authorize “green energy” tax credits

Introduced in the Senate

Jan. 22, 2008

Introduced by Sen. Roger Kahn (R-32)

To authorize a $200 income tax credit against the difference between what a person pays for choosing electric power generated from a “renewable energy resource” and what the person would pay for electricity generated from conventional sources. Utilities would be required to disclose the cost differential on a customer’s statement.

Referred to the Committee on Energy Policy and Public Utilities

March 26, 2008

Amendment offered

To define “renewable energy resource” as one that “naturally replenishes over a human, not a geological, time frame ultimately derived from solar power, solar hot water, or wind power. a renewable energy resource comes from the sun or from thermal inertia of the ground and minimizes the output of toxic material in the conversion of the energy”.

The amendment passed by voice vote

March 27, 2008

Passed in the Senate 38 to 0 (details)

Received in the House

April 8, 2008

Referred to the Committee on Energy and Technology