Bill Text: MI HB4004 | 2009-2010 | 95th Legislature | Introduced

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Bill Title: Income tax; credit; for the purchase and installation of certain residential renewable energy systems; create. Amends 1967 PA 281 (MCL 206.1 - 206.532) by adding sec. 254.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2009-01-27 - Printed Bill Filed 01/23/2009 [HB4004 Detail]

Download: Michigan-2009-HB4004-Introduced.html

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HOUSE BILL No. 4004

 

January 22, 2009, Introduced by Rep. Calley and referred to the Committee on Energy and Technology.

 

     A bill to amend 1967 PA 281, entitled

 

"Income tax act of 1967,"

 

(MCL 206.1 to 206.532) by adding section 254.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 254. (1) For tax years that begin after December 31,

 

2007, a taxpayer that purchases and installs a residential

 

renewable energy system to supply all or part of the energy

 

required for the taxpayer's principal residence or for residential

 

rental property owned by the taxpayer may claim a credit against

 

the tax imposed under this act equal to 50% of the total cost of

 

purchasing and installing a residential renewable energy system for

 

the tax year in which the energy system is completed and placed in

 

service.

 

     (2) If the credit allowed under this section for the tax year

 

exceeds the tax liability of the taxpayer for the tax year, that

 

portion of the credit that exceeds the tax liability shall be

 

refunded.

 

     (3) As used in this section:

 

     (a) "Active solar system" means a system of equipment capable

 

of collecting and converting incident solar radiation into thermal,

 

mechanical, or electrical energy, and transferring these forms of

 

energy by a separate apparatus to storage or to the point of use.

 

Active solar system includes water heating, space heating or

 

cooling, and electrical or mechanical energy generation.

 

     (b) "Biomass system" means any system of apparatus and

 

equipment capable of converting organic plant, wood, or waste

 

products into electrical and thermal energy and transferring these

 

forms of energy by a separate apparatus to the point of use or

 

storage.

 

     (c) "Hydroenergy system" means a system of apparatus and

 

equipment capable of intercepting and converting kinetic water

 

energy into electrical or mechanical energy and transferring this

 

form of energy by separate apparatus to the point of use or

 

storage.

 

     (d) "Passive solar system" means a direct thermal system that

 

utilizes the structure of a building and its operable components to

 

provide for collection, storage, and distribution of heating or

 

cooling during the appropriate times of the year by utilizing the

 

climate resources available at the site. Passive solar system

 

includes those portions and components of a building that are

 

expressly designed and required for the collection, storage, and

 

distribution of solar energy.

 

     (e) "Principal residence" means that term as defined in

 

section 7dd of the general property tax act, 1893 PA 206, MCL

 

211.7dd.

 

     (f) "Residential renewable energy system" means any active

 

solar, passive solar, wind, biomass system, geothermal, or

 

hydroenergy system used to supply energy to or for the taxpayer's

 

principal residence or any residential rental property owned by the

 

taxpayer.

 

     (g) "Wind system" means a system of apparatus and equipment

 

capable of intercepting and converting wind energy into mechanical

 

or electrical energy and transferring these forms of energy by a

 

separate apparatus to the point of use or storage.