Bill Text: GA HB818 | 2011-2012 | Regular Session | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Income tax credit; certain commercial geothermal heat pumps; include
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: (Engrossed - Dead) 2012-03-27 - Senate Passed/Adopted [HB818 Detail]
Download: Georgia-2011-HB818-Introduced.html
Bill Title: Income tax credit; certain commercial geothermal heat pumps; include
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: (Engrossed - Dead) 2012-03-27 - Senate Passed/Adopted [HB818 Detail]
Download: Georgia-2011-HB818-Introduced.html
12 LC 36
1994
House
Bill 818
By:
Representatives Parsons of the
42nd,
Smith of the
131st,
and Smith of the
122nd
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Code Section 48-7-29.14 of the Official Code of Georgia Annotated,
relating to the income tax credit for clean energy property, so as to include
certain commercial geothermal heat pumps with the definition of the term 'clean
energy property'; to provide for related matters; to repeal conflicting laws;
and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Code
Section 48-7-29.14 of the Official Code of Georgia Annotated, relating to the
income tax credit for clean energy property, is amended by revising paragraph
(3) of subsection (a) as follows:
"(3)
'Clean energy property' includes any of the following:
(A)
Solar energy equipment that uses solar radiation as a substitute for traditional
energy for water heating, active space heating and cooling, passive heating,
daylighting, generating electricity, distillation, desalinization, or the
production of industrial or commercial process heat, as well as related devices
necessary for collecting, storing, exchanging, conditioning, or converting solar
energy to other useful forms of energy;
(B)
Energy Star certified geothermal heat pump systems
or commercial
three-phase geothermal heat pump systems that meet the Energy Star efficiency
requirements for energy efficiency ratio (EER) and coefficient of performance
(COP);
(C)
Energy efficient projects as follows:
(i)
Lighting retrofit projects. 'Lighting retrofit project' means a lighting
retrofit system that employs dual switching (ability to switch roughly half the
lights off and still have fairly uniform light distribution), delamping,
daylighting, relamping, or other controls or processes which reduce annual
energy and power consumption by 30 percent compared to the American Society of
Heating, Refrigerating, and Air Conditioning Engineers 2004 standard (ASHRAE
90.1.2004); and
(ii)
Energy efficient buildings. 'Energy efficient building' means for other than
single-family residential property new or retrofitted buildings that are
designed, constructed, and certified to exceed the standards set forth in the
American Society of Heating, Refrigerating, and Air Conditioning Engineers 2004
standard (ASHRAE 90.1.2004) by 30 percent;
(D)
Wind equipment required to capture and convert wind energy into electricity or
mechanical power as well as related devices that may be required for converting,
conditioning, and storing the electricity produced by wind equipment;
and
(E)
Biomass equipment to convert wood residuals into electricity through
gasification and pyrolysis."
SECTION
2.
All
laws and parts of laws in conflict with this Act are repealed.