Bill Text: PA SB93 | 2009-2010 | Regular Session | Introduced

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Bill Title: Providing for a tax credit for weatherization measures.

Spectrum: Slight Partisan Bill (Democrat 12-4)

Status: (Introduced - Dead) 2009-01-29 - Referred to FINANCE [SB93 Detail]

Download: Pennsylvania-2009-SB93-Introduced.html

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PRINTER'S NO. 72
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No. 93 Session of2009
INTRODUCED BY WILLIAMS, TARTAGLIONE, FERLO, WASHINGTON, STOUT, FONTANA, YAW, HUGHES, O'PAKE, BROWNE, KASUNIC, WAUGH, ERICKSON, STACK AND FARNESE, JANUARY 29, 2009
REFERRED TO FINANCE, JANUARY 29, 2009
AN ACT
Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
act relating to tax reform and State taxation by codifying
and enumerating certain subjects of taxation and imposing
taxes thereon; providing procedures for the payment,
collection, administration and enforcement thereof; providing
for tax credits in certain cases; conferring powers and
imposing duties upon the Department of Revenue, certain
employers, fiduciaries, individuals, persons, corporations
and other entities; prescribing crimes, offenses and
penalties," providing for a tax credit for weatherization
measures.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The act of March 4, 1971 (P.L.6, No.2), known as
the Tax Reform Code of 1971, is amended by adding an article to
read:
ARTICLE XIX-B
WEATHERIZATION TAX CREDIT
Section 1901-B. Definitions.
The following words and phrases when used in this article
shall have the meanings given to them in this section unless the
context clearly indicates otherwise:
"Tax credit." The weatherization tax credit established
under this article.
"Taxpayer." An individual subject to tax under Article III.
"Weatherization measures." Measures taken to conserve
energy, including energy audits, air leakage control,
installation of insulation and improvements to water heater
systems.
Section 1902-B. Authorization of tax credit.
(a) General rule.--Every taxpayer who undertakes
weatherization measures for the taxpayer's primary residence in
this Commonwealth shall be eligible to receive a tax credit
against any tax due under Article III.
(b) Maximum credit.--A taxpayer who is eligible under
subsection (a) shall receive a tax credit for the taxable year
for the cost of weatherization measures but no more than $2,500.
(c) Claim period.--Claims for the tax credit shall be filed
for the taxable year in which the taxpayer makes the
expenditures for the weatherization measures.
Section 1903-B. Limitations on tax credits.
Tax credits under this article shall be subject to the
following:
(1) Unused tax credits may not be carried back to prior
tax years nor carried forward to succeeding taxable years. If
not used within this time period, the tax credits shall
expire.
(2) Tax credits shall not be refundable.
(3) Tax credits shall not be transferable.
Section 1904-B. Powers and duties.
In addition to those powers created by any other act, the
Secretary of Revenue shall have the power and it shall be the
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secretary's duty to:
(1) Promulgate and publish any rules and regulations
which may be required to implement this article.
(2) Publish as a notice in the Pennsylvania Bulletin
forms upon which taxpayers may apply for the tax credit
authorized by this article.
Section 2. This act shall apply to the taxable year
beginning January 1, 2009.
Section 3. This act shall take effect immediately.
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