Bill > S05106

This bill amends the tax law to provide tax credits for homeowners and businesses that invest in green infrastructure. Homeowners can receive a credit of up to 50% of the cost of constructing green infrastructure, not exceeding $10,000. Businesses can receive a credit of up to 50% of the cost of constructing green infrastructure, not exceeding $10,000. The bill defines "green infrastructure" as cost-effective, resilient approaches to managing stormwater, such as downspout disconnection, rainwater harvesting, rain gardens, planter boxes, permeable pavements, and green roofs. The bill also allows businesses to carry over any unused credit to future tax years.