RENEWABLE ENERGY TAX CREDIT.

View NCGA Bill Details2021
Senate Bill 563 (Public) Filed Tuesday, April 6, 2021
AN ACT TO REENACT A TAX CREDIT INCENTIVE FOR INVESTING IN RENEWABLE ENERGY PROPERTY.
Intro. by Salvador, Garrett, Mayfield.

Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Apr 7 2021)

SOG comments (2):

Identical bill

Identical to H 563, filed 4/14/21.

Identical bill

Identical to H 563, filed 4/14/21.

Bill History:

S 563

Bill Summaries:

  • Summary date: Apr 6 2021 - More information

    Reenacts GS 105-129.16A, which establishes a tax credit for taxpayers that have invested in renewable energy property at 35% of the cost of the property if placed in service in the state during the taxable year. Extends the sunset of the statute, so that the statute is repealed effective for renewable energy placed into service on or after January 1, 2025 (was January 1, 2016). Repeals subsections (f) through (h), which provide delayed sunsets for certain renewable energy properties. Makes conforming changes. Effective for taxable years beginning on or after January 1, 2021. 


Printer-friendly: Click to view