Fiscal Note
SB0013S01 - Tax Credits for Alternate Power Generation
State Impact:
Enactment of this bill will reduce the Education Fund by $1,193,200 in FY 2008 and by $2,831,700 in FY 2009. When all facilities are fully operational the revenue loss would be approximately $5,342,700.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2009 Approp. | FY 2007 Revenue | FY 2008 Revenue | FY 2009 Revenue |
| Education Fund | $0 | $0 | $0 | $0 | ($1,193,200) | ($2,831,700) |
| Total | $0 | $0 | $0 | $0 | ($1,193,200) | ($2,831,700) |
Individual, Business and/or Local Impact:
Individuals or businesses installing residential renewable energy units could receive a credit of up to $2,000. Businesses can receive a credit of .35 cents for each kilowatt hour produced or used and sold.
| 1/26/2007, 1:42:53 PM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |