Enterprise Zone Investment Tax Credit For Renewable Energy Investments
| Type | Bill |
|---|---|
| Session | 2020 Regular Session |
| Subjects |
Concerning the enterprise zone investment tax credit for renewable energy investments, and, in connection therewith, extending the tax years that a taxpayer may elect to receive a refund of eighty percent of the amount of such credit and including investments in energy storage systems as qualified renewable energy investments.
Bill Summary:
The bill extends the tax years that a taxpayer may elect to receive a refund of 80% of the amount of an enterprise zone investment tax credit for renewable energy investments. Under current law, if a taxpayer elects such a refund, the taxpayer forgoes the remaining 20% of the amount of the enterprise zone investment tax credit.
The bill also adds investments in energy storage systems as a qualified renewable energy investment.
(Note: This summary applies to this bill as introduced.)
Prime Sponsors
Representative
Mary Young
Representative
Rod Pelton
Senator
Mike Foote
Senator
Larry Crowder
Committees
If you require reasonable accessibility accommodation to access this content, please email accessibility@coleg.gov.
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 02/13/2020 | Introduced |
| Activity | Vote | Documents |
|---|---|---|
| Postpone House Bill 20-1299 indefinitely. | The motion passed on a vote of 11-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 20-1299 to the Committee on Finance. | The motion passed on a vote of 8-3. | Vote summary |
| Date | Location | Action |
|---|---|---|
| 05/28/2020 | House | House Committee on Finance Postpone Indefinitely |
| 03/11/2020 | House | House Committee on Business Affairs & Labor Refer Unamended to Finance |
| 02/13/2020 | House | Introduced In House - Assigned to Business Affairs & Labor + Finance + Appropriations |
Prime Sponsor
Sponsor
Co-Sponsor