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ID H0485
Bill
Status
4/3/2012
Primary Sponsor
Environment, Energy and Technology Committee
Click for details
AI Summary
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Expands Idaho income tax deduction to cover energy efficiency upgrade measures in existing residences, replacing the previous focus on insulation only.
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Defines "energy efficiency upgrade measure" as improvements to building envelope or duct systems that meet or exceed minimum values established by the International Energy Conservation Code (IECC) in effect during the taxable year of the improvement.
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Specifies eligible improvements include insulation additions (not replacements), replacement windows, storm windows, weather stripping, caulking, and duct sealing with mechanical fastening and mastic sealant.
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Limits deduction to existing buildings in Idaho that are in being, under construction, or subject to an outstanding legal building permit on or before January 1, 2002.
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Declares an emergency and makes the act retroactively applicable to January 1, 2012.
Legislative Description
Amends existing law to revise the eligibility criteria for taking a state income tax deduction for installing energy efficiency upgrade measures within existing residences to qualify for a state income tax deduction.
INCOME TAX DEDUCTIONS
Last Action
Governor signed Session Law Chapter 202 Effective: 01/01/12
4/3/2012