Provides corporation business tax and gross income tax credits for certain solar energy system expenditures.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill provides tax credits for corporations and individuals for expenses related to installing solar energy systems. Businesses and residents can receive a 35% credit on qualified solar energy system expenditures, up to specific limits based on property type. The bill outlines a certification process to ensure expenses qualify for the credit and establishes rules for carrying forward unused credits.
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