BILL NUMBER: HB 307, Proposed SD-1
INTRODUCED BY: Senate Committees on Energy, Economic Development, and Tourism, and Commerce, Consumer Protection & Health.
EXECUTIVE SUMMARY: Amends the renewable energy technologies income tax credit to change limitations for certain technology types. Provides increased caps for photovoltaic property that is grid-connected and incorporates energy storage system. Allows credit for commercial seawater air conditioning system. Generally, the credit is being phased down, perhaps in recognition that the technology involved is no longer new. If approved, the credit would be an indeterminate expenditure of public dollars out the back door and could carry with it large administrative costs.