Bill
Bill > HB1214
MD HB1214
Energy Storage Systems - Income Tax Credit and Grant Program - Sunset Extension
summary
Introduced
02/08/2024
02/08/2024
In Committee
02/08/2024
02/08/2024
Crossed Over
Passed
Dead
04/08/2024
04/08/2024
Introduced Session
2024 Regular Session
Bill Summary
Extending for 2 years the termination date for a credit against the State income tax for the installation of energy storage systems in the State; and delaying for 2 years the establishment of the Energy Storage System Grant Program in the Maryland Energy Administration.
AI Summary
This bill extends for 2 years the termination date for a tax credit against the State income tax for the installation of energy storage systems in the State, and delays for 2 years the establishment of the Energy Storage System Grant Program in the Maryland Energy Administration. The tax credit can now be claimed for energy storage systems installed before January 1, 2027, and the grant program will be established starting July 1, 2026.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
House Economic Matters Hearing (13:00:00 3/7/2024 ) (on 03/07/2024)
bill text
bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1214?ys=2024RS |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/hb/hb1214f.pdf |
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