Staff Analysis of the Legislation
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02.04.2014 The Senate Finance committee gave this bill a favorable report as amended by the subcommittee and adopted an amendment that removes the 600 KW cap. 01.23.2014 The Senate Finance Sales and Income Taxation subcommittee gave this bill a favorable report with an amendment. The amendment changed the bill to allow an income and other specified tax credit for 25 percent of the total cost, not to exceed $333,000 per installation and $1,000,000 for any taxpayer, of a nonresidential solar energy system for a placed in service in 2013 through 2017. Summary of the bill as introduced: Allows an income and other specified tax credit for 25 percent of the total cost of a solar energy system placed in service in 2013 through 2018. |