Bill Text: MA S1274 | 2009-2010 | 186th General Court | Introduced
Bill Title: Provide for a corporate tax deduction to allow businesses to provide home energy efficiency audits to employees
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2009-01-20 - Public Hearing date 4/15 at 10:00 AM in Hearing Room B2 [S1274 Detail]
Download: Massachusetts-2009-S1274-Introduced.html
The Commonwealth of Massachusetts
_______________
PRESENTED BY:
Anthony D. Galluccio
_______________
To the
Honorable Senate and House of Representatives of the Commonwealth of
Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying bill:
An Act to provide for a corporate tax deduction to allow businesses to provide home energy efficiency audits to employees as a benefit of employment .
_______________
PETITION OF:
|
Name: |
District/Address: |
|
Anthony D. Galluccio |
Middlesex, Suffolk and Essex |
|
Thomas M. Meninio |
Mayor of Boston |
|
Michael J. Moran |
18th Suffolk |
|
Bruce E. Tarr |
First Essex and Middlesex |
|
Robert A. O'Leary |
Cape and Islands |
|
Karen E. Spilka |
Second Middlesex and Norfolk |
|
Timothy J. Toomey, Jr. |
26th Middlesex |
The Commonwealth of
Massachusetts
_______________
In the Year Two Thousand and Nine
_______________
An Act to provide for a corporate tax deduction to allow businesses
to provide home energy efficiency audits to employees as a benefit of
employment.
Be it
enacted by the Senate and House of Representatives in General Court assembled,
and by the authority of the same, as follows:
SECTION 1. Chapter 63 of the General Laws, as appearing in the 2006 Official Edition, is hereby amended by inserting after Section 38T the following new section:-
Section 38U. Home Energy Efficiency Audit Employee Benefit; deduction
In determining the net income subject to tax under this chapter, a domestic or foreign business corporation, at its election, may deduct one-half of the expenditures paid or incurred during the taxable year with respect to providing employees as a benefit of employment the combined services of an energy auditor conducting an analytically rigorous home audit to identify areas of energy loss with a home contractor providing on-site implementation of efficiency measures defined as “Level 1” home energy rating systems work by the Residential Energy Services Network (RESNET) of the National Association of State Energy Officials; provided one-half the expenditures incurred with respect to providing the combined energy auditor/home contractor services be made pursuant to an energy efficiency plan approved by the Department of Public Utilities pursuant to chapter twenty five, section 19 and chapter twenty five A, section 11G.
