MILD
HB 163
HOME ENERGY & WATER EFFICIENCY TAX CREDIT
- Legislative URL:
- HB 163 on nmlegis.gov
- Emergency Clause:
- No
- Germane:
- N/A
- Location:
- HWMC
- Action:
- HPREF [1] HEENC/HWMC-HEENC [5] DP-HWMC API.
- Issue(s):
- Energy
Related Legislators
- Bill Sponsor:
- Carl Trujillo
Related Documents
- Downloads:
-
Introduced
HEENC Committee Report
Fiscal Impact Report
Summary
This bill provides, prior to 2022, a one-time “home energy and water efficiency income tax credit” of as much as $4,000 for qualifying improvements to the energy or indoor water use efficiency of the taxpayer’s primary residence. The credit is subject to a maximum annual aggregate of $1,000,000 in 2017-2019, and $2,000,000 in 2020-2022.
A possible benefit of this bill might be that the income tax credit may help to encourage residential indoor energy and water efficiency.