Bill Text: MI HB4338 | 2009-2010 | 95th Legislature | Introduced
Bill Title: Income tax; credit; credit for purchase and installation of a solar energy system in residential structure; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.532) by adding sec. 278.
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Introduced - Dead) 2009-02-19 - Printed Bill Filed 02/19/2009 [HB4338 Detail]
Download: Michigan-2009-HB4338-Introduced.html
HOUSE BILL No. 4338
February 18, 2009, Introduced by Reps. Robert Jones, Durhal, Stanley and Young 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 278.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 278. (1) For tax years that begin after December 31,
2008, a taxpayer may claim a credit against the tax imposed by this
act equal to 50% of the total amount paid to purchase and install a
photovoltaic system or to retrofit for a photovoltaic system in a
residential structure owned by the taxpayer.
(2) If the amount of the credit allowed under this section
exceeds the tax liability of the taxpayer for the tax year, that
portion of the credit that exceeds the tax liability shall be
refunded to the taxpayer.
(3) As used in this section:
(a) "Photovoltaic cell" means an integrated device consisting
of layers of semiconductor materials and electric contacts capable
of converting incident light directly into electricity.
(b) "Photovoltaic module" means an assembly of interconnected
photovoltaic cells.
(c) "Photovoltaic system" means a solar energy device composed
of 1 or more photovoltaic cells or photovoltaic modules, an
inverter or other power conditioning unit designed to deliver power
of a selected current and voltage, wires, and other electrical
connectors in order to generate electricity, heat or cool a
residential structure, provide hot water for use in a residential
structure, or provide solar process heat. Batteries for power
storage may also be included in a photovoltaic system.
