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Indiana General Assembly
House Bill 1438


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House Bill 1438

ARCHIVE (2009)

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Renewable energy investment tax credit. Establishes a renewable energy production facility investment tax credit. Provides that the tax credit is equal to 10% of a taxpayer's investment in a renewable energy production facility. Permits the tax credit to be claimed beginning in the taxable year in which the renewable energy production facility is placed into service. Requires the credit to be claimed in ten annual installments. Requires a taxpayer and the Indiana economic development corporation to enter into a tax credit agreement.
Current Status:
 In Committee - first House
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