BROWSE BILLS
  SEARCH BILLS
 

Bill File

Income Tax Credit - Energy Storage Systems (SB 758)

BILL SUMMARY:
SB 758 is the first in the nation energy storage tax credit. Allowing a credit against the State income tax for the total installed costs paid or incurred by a taxpayer that installs an energy storage system and who obtains a tax credit certificate from the Maryland Energy Administration; requiring the Administration to issue tax credits not to exceed specified amounts; prohibiting the Administration from issuing an aggregate amount of tax credit certificates exceeding $750,000 in a taxable year; applying the Act to all taxable years beginning after December 31, 2017.
STATE:
Maryland
FINAL LANGUAGE:
STATUTE:
Not Applicable
AUTHOR:
Senator Guy Guzzone
CO-AUTHORS:
none
SENATE VOTE:
Yes: 46 No: 0
R: 14 R: 0
D: 32 D: 0
ASSEMBLY VOTE:
Yes: 101 No: 11
R: 39 R: 11
D: 62 D: 0
FISCAL IMPACT:
LISTED SUPPORT:
LISTED OPPOSITION:
SENATE FLOOR ANALYSIS:
ASSEMBLY FLOOR ANALYSIS:
 
 
close menu
close menu
close menu

This information is not currently in the public domain. It will be added once it becomes publicly available.