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DE HB129
Bill
Status
Introduced
4/22/2009
Primary Sponsor
William Carson
Click for details
AI Summary
- Reduces the general public utility tax rate on electricity and gas from 5.00% to 4.25%
- Reduces the public utility tax rate on electricity and gas distributed to manufacturers, food processors, and agribusinesses from 2.35% to 2.00%
- Requires distributors not regulated by the Public Service Commission to report by January 1, 2012 on how they adjusted tariffs to ensure earnings remain neutral
- Transfers the first $5 million annually in public utility tax receipts to the new Energy Efficiency Investment Fund managed by the Department of Natural Resources and Environmental Control
- Creates the Energy Efficiency Investment Fund to provide competitive grants and low-interest loans for energy efficiency projects, with preference given to projects achieving the greatest energy consumption reduction per dollar invested and limiting grant funding to no more than 30% of project costs
Legislative Description
An Act To Amend Title 19 Of The Delaware Code Relating To The Construction Industry Independent Contractor Act.
Last Action
Introduced and Assigned to Labor Committee in House
4/22/2009
Committee Referrals
Labor4/22/2009
Full Bill Text
No bill text available