Income Tax – Energy Storage Tax Credit – Alterations
What this bill does
Defining 'taxpayer' as the owner of residential or commercial property who purchases and installs an energy storage system or an individual that owns or pays for the installation of an energy storage system that supplies energy for use on a residential or commercial property; providing a credit against the State income tax for the costs of installing an energy storage system; increasing from $75,000 to $150,000 the maximum tax credit certificate that may be issued for the installation of an energy storage system on certain property; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (4)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Black, Allysonlobbyist | BGE | Written (PDF) |
| FAV | Ramsden, Corey | Individual | Written (PDF) |
| FAV | Senator Guzzone, Senator Guzzonelegislator | Individual | Position only |
| FAV | Speakes-Backman, Kelly | Individual | Written (PDF) |