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HB20-1299

Enterprise Zone Investment Tax Credit For Renewable Energy Investments

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.
Session:
2020 Regular Session
Subject:
Business & Economic Development
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.)

Status

Introduced
Under Consideration

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. R. Pelton, Rep. M. Young
Sen. L. Crowder, Sen. M. Foote

Sponsor

Co-sponsor

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