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SB 191 : RENEWABLE ENERGY TAX CREDIT CHANGES

An Act Relating To Utilities; Increasing The Amount Of Electricity That May Be Produced By Qualified Energy Generators That Will Be Eligible For The Renewable Energy Production Tax Credit; Extending The Date That A Qualified Energy Generator Must First Produce Electricity To Qualify For The Renewable Energy Production Tax Credit; Clarifying The Period For Which A Taxpayer May Claim The Renewable Energy Production Tax Credit.

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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):

Companion Bills

Bills:
RENEWABLE ENERGY TAX CREDIT ELIGIBILITY

Related Legislators

Bill Sponsor:

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