Relating to minimum efficiency standards for biomass tax credits; prescribing an effective date.
Catchline/Summary:
For purposes of biomass income tax credit, limits Director of State Department of Energy rulemaking authority for minimum overall thermal conversion efficiency rating to 20 percent for facility placed in service prior to January 1, 2008. For purposes of biomass income tax credit, limits Director of State Department of Energy rulemaking authority for minimum overall thermal conversion efficiency rating to 20 percent for facility placed in service prior to January 1, 2008.
Applies to tax years beginning on or after January 1, 2010.
Takes effect on 91st day following adjournment sine die.
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SB 903 Joint Committee On Tax Credits
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