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IA SF97

IA SF97
A bill for an act increasing the amount of solar energy system tax credits that may be claimed annually and including effective date and retroactive applicability provisions.


summary

Introduced
01/17/2017
In Committee
01/17/2017
Crossed Over
Passed
Dead
05/05/2018

Introduced Session

87th General Assembly

Bill Summary

A bill for an act increasing the amount of solar energy system tax credits that may be claimed annually and including effective date and retroactive applicability provisions.

AI Summary

This bill increases the annual cap on solar energy system tax credits from $5 million to $10 million, with at least $1 million reserved for residential installations. The bill takes effect immediately and applies retroactively to tax years beginning on or after January 1, 2016. The purpose of this bill is to encourage the adoption of solar energy systems by increasing the available tax credits for individuals and businesses.

Committee Categories

Budget and Finance

Sponsors (14)

Last Action

Subcommittee: Feenstra, Bolkcom, and Dawson. S.J. 99. (on 01/18/2017)

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