MILD
SB 191
RENEWABLE ENERGY TAX CREDIT CHANGES
- Legislative URL:
- SB 191 on nmlegis.gov
- Emergency Clause:
- No
- Germane:
- Yes
- Location:
- SFC
- Action:
- [2] SCC/SCONC/SCORC/SFC-SCC [4]germane-SCONC [5] DP-SCORC [11] DP-SFC API.
- Issue(s):
- Energy
Companion Bills
Related Legislators
- Bill Sponsor:
- Phil Griego
Related Documents
- Downloads:
-
Introduced
SCC Committee Report
SCONC Committee Report
SCORC Committee Report
Fiscal Impact Report
Summary
This piece of legislation amends the Renewable Energy Production Tax Credit by increasing the amount of electricity that may be produced by all qualified energy generators and extending the date that a qualified energy generator must first produce electricity to qualify for the credit to 2021. The credit is a personal and corporate income tax credit.
This amendments made by this bill may have the positive effect of encouraging and increase in the production of renewable energy.
This bill is a companion bill to HB 233.
Date of Summary: 1/30/2014
Outcome:
SB 191 died in the Senate Finance Committee.
Updated 7/31/14