Regular Session, 2009
HOUSE BILL NO. 51
BY REPRESENTATIVE LEGER
TAX/INCOME-CREDIT: Increases the amount of the individual income tax credit for the installation of a wind or solar energy system and authorizes the credit to apply to systems installed on commercial property.
Abstract: Increases the maximum amount of the tax credit for the purchase and installation of a wind or solar energy system from 50% of the first $25,000 to 50% of the first $100,000 and caps the annual aggregate amount of tax credits at $25 million per calendar year.
Passage of this bill would allow Businesses to enjoy the same tax credits as residences and will increase the cap from $50,000 to $100,000.