Enterprise Zone Investment Tax Credit For Renewable Energy Investments
| Type | Bill |
|---|---|
| Session | 2020 Regular Session |
| Subjects |
Concerning the enterprise zone investment tax credit for renewable energy investments, and, in connection therewith, extending the tax years that a taxpayer may elect to receive a refund of eighty percent of the amount of such credit and including investments in energy storage systems as qualified renewable energy investments.
Bill Summary:
The bill extends the tax years that a taxpayer may elect to receive a refund of 80% of the amount of an enterprise zone investment tax credit for renewable energy investments. Under current law, if a taxpayer elects such a refund, the taxpayer forgoes the remaining 20% of the amount of the enterprise zone investment tax credit.
The bill also adds investments in energy storage systems as a qualified renewable energy investment.
(Note: This summary applies to this bill as introduced.)
Prime Sponsors
Representative
Mary Young
Representative
Rod Pelton
Senator
Mike Foote
Senator
Larry Crowder
Committees
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 02/13/2020 | Introduced |
| Activity | Vote | Documents |
|---|---|---|
| Postpone House Bill 20-1299 indefinitely. | The motion passed on a vote of 11-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 20-1299 to the Committee on Finance. | The motion passed on a vote of 8-3. | Vote summary |
| Date | Location | Action |
|---|---|---|
| 05/28/2020 | House | House Committee on Finance Postpone Indefinitely |
| 03/11/2020 | House | House Committee on Business Affairs & Labor Refer Unamended to Finance |
| 02/13/2020 | House | Introduced In House - Assigned to Business Affairs & Labor + Finance + Appropriations |
Prime Sponsor
Sponsor
Co-Sponsor