(at the request of House Interim Committee on Revenue)
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Bill Title:
Relating to a tax credit for biomass; prescribing an effective date.
Catchline/Summary:
Provides for transfer from State Department of Energy to State Forestry Department of administration of tax credit allowed for biomass, as applicable only to credit for collection of woody biomass.Provides for transfer from State Department of Energy to State Forestry Department of administration of tax credit allowed for biomass, as applicable only to credit for collection of woody biomass. Limits total credits for collection of woody biomass allowed to all taxpayers per tax year.
Applies to tax years beginning on or after January 1, 2018, and to applications for certification filed after January 1, 2018.
Extends sunset for tax credit for biomass production or collection for all types of biomass.
Takes effect on 91st day following adjournment sine die.
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HB 2072 Joint Committee On Tax Credits
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