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Bill Detail: HB20-1299

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Title Enterprise Zone Investment Tax Credit For Renewable Energy Investments
Status House Committee on Business Affairs & Labor Refer Unamended to Finance (03/11/2020)
Bill Subjects
  • Business & Economic Development
House Sponsors R. Pelton (R)
M. Young (D)
Senate Sponsors L. Crowder (R)
M. Foote (D)
House Committee Business Affairs and Labor
Senate Committee
Date Introduced 02/13/2020
Description


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.

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