CA AB2665

Authorizes a tax credit equal to 5% of costs for purchasing and installing emergency standby generators at service stations in California for taxable years 2011-2015

Applies to both personal income tax and corporation tax; defines emergency standby generators as units rated at least 30 kilowatts that automatically provide backup power during utility outages

Limits credit to independently owned and operated service stations that sell gasoline or other motor vehicle fuel

Requires depreciable basis of generators to be reduced by the credit amount; credit may be carried forward up to 7 years if it exceeds tax liability

Restricts credit to energy-efficient or low-emission generators if the State Air Resources Board or State Energy Resources Conservation and Development Commission establishes certification standards; recaptures credit if generator is sold or removed within one year of installation