Bill Text: MI HB4485 | 2009-2010 | 95th Legislature | Introduced
Bill Title: Income tax; credit; credit for the purchase and installation of certain residential renewable energy systems; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.532) by adding sec. 254.
Spectrum: Partisan Bill (Democrat 21-0)
Status: (Introduced - Dead) 2009-03-04 - Printed Bill Filed 03/04/2009 [HB4485 Detail]
Download: Michigan-2009-HB4485-Introduced.html
HOUSE BILL No. 4485
March 3, 2009, Introduced by Reps. Valentine, Durhal, LeBlanc, Lemmons, Smith, Donigan, Segal, Switalski, Young, Bettie Scott, Lisa Brown, Roberts, Huckleberry, Jackson, Miller, Leland, Bennett, Gregory, Dean, Hammel and Meadows 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 on and after January 1,
2009, a taxpayer who 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.
