MN SF3036

Allows individuals, estates, and trusts to subtract 50 percent of the cost of purchasing and installing an energy management system from state income tax in the year of purchase.

Defines an energy management system as a device or series of devices that monitor electrical power usage and temperature, and provide programmable control to adjust power consumption and temperature on a predetermined schedule or in response to preset limits.

Includes UL-approved or equivalent electrical devices to switch electrical loads or thermostat devices to switch heating or cooling loads within the definition of qualifying energy management systems.

Extends the same 50 percent subtraction benefit to corporations for energy management system purchases and installations made during the taxable year.

Effective for taxable years beginning after December 31, 2009.