IN.gov - Skip Navigation

Note: This message is displayed if (1) your browser is not standards-compliant or (2) you have you disabled CSS. Read our Policies for more information.

Indiana General Assembly
  •  
House Bill 1226


 

Search all legislative material from the 2000 Session.
General Assembly Home Page

Session Information

Complete Bill Listing

Get Acrobat Reader
You will need to download and install Acrobat Reader to view PDF documents.

  

House Bill 1226

ARCHIVE (2000)

Latest Information

 
DIGEST OF INTRODUCED BILL

Renewable energy tax credit. Provides that a taxpayer who owns an existing building or purchases a new building is entitled to a credit against the taxpayer's state tax liability if the taxpayer installs a qualified energy system in a building located in Indiana. Defines "qualified energy system" to include solar energy systems, geothermal systems, hydroelectric systems, and certain energy conservation measures. Provides that in the case of a qualified energy system installed in a single family dwelling, the amount of the credit equals the lesser of: (1) $3,000; or (2) 25% of the costs of the qualified energy system and its installation. Provides that in the case of a qualified energy system installed in a building that is not a single family dwelling, the amount of the credit equals the lesser of: (1) $10,000; or (2) 25% of the costs of the qualified energy system and its installation. Provides that any amount of the credit that exceeds a taxpayer's state tax liability for a taxable year may be carried forward to succeeding taxable years. Requires the department of commerce to adopt rules for determining if an energy system is a qualified energy system. Requires a taxpayer to obtain a qualified energy system certificate from the department of commerce in order to claim the credit for a particular energy system.
Current Status:
 In Committee - first House
>Latest Printing > (PDF)