Bill Text: MI HB4231 | 2009-2010 | 95th Legislature | Introduced

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Bill Title: Income tax; credit; credit for purchase and installation of a solar energy system in residential structure; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.532) by adding sec. 278.

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Introduced - Dead) 2009-02-11 - Printed Bill Filed 02/11/2009 [HB4231 Detail]

Download: Michigan-2009-HB4231-Introduced.html

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HOUSE BILL No. 4231

 

February 10, 2009, Introduced by Reps. Scripps, Melton, Smith, Warren and Byrnes and referred to the Committee on Energy and Technology.

 

     A bill to amend 1967 PA 281, entitled

 

"Income tax act of 1967,"

 

(MCL 206.1 to 206.532) by adding section 278.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 278. (1) For tax years that begin after December 31,

 

2008, a taxpayer may claim a credit against the tax imposed by this

 

act equal to 50% of the total amount paid to purchase and install a

 

photovoltaic system or to retrofit for a photovoltaic system in a

 

residential structure owned by the taxpayer.

 

     (2) If the amount of the credit allowed under this section

 

exceeds the tax liability of the taxpayer for the tax year, that

 

portion of the credit that exceeds the tax liability shall be

 

refunded to the taxpayer.

 

     (3) As used in this section:

 

     (a) "Photovoltaic cell" means an integrated device consisting

 

of layers of semiconductor materials and electric contacts capable

 

of converting incident light directly into electricity.

 

     (b) "Photovoltaic module" means an assembly of interconnected

 

photovoltaic cells.

 

     (c) "Photovoltaic system" means a solar energy device composed

 

of 1 or more photovoltaic cells or photovoltaic modules, an

 

inverter or other power conditioning unit designed to deliver power

 

of a selected current and voltage, wires, and other electrical

 

connectors in order to generate electricity, heat or cool a

 

residential structure, provide hot water for use in a residential

 

structure, or provide solar process heat. Batteries for power

 

storage may also be included in a photovoltaic system.