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MO SB398

Bill

Status

Introduced

2/27/2013

Primary Sponsor

Jason Holsman

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • Extends the expiration date of Missouri's income tax deduction for home energy efficiency projects from December 31, 2013, to December 31, 2019
  • Allows taxpayers to deduct 100% of costs for home energy audits conducted by department of natural resources-certified entities and implementation of energy efficiency recommendations
  • Limits deductions to $1,000 per year for individual taxpayers and $2,000 per year for taxpayers filing combined returns
  • Requires taxpayers to provide the department of revenue with audit summaries, auditor certification information, and proof of amounts paid
  • Prevents deductions for activities that received rebates or incentives through state-sponsored energy programs or utility companies

Legislative Description

Extends the expiration of an income tax deduction for energy efficiency audits and projects to December 31, 2019

Last Action

Hearing Conducted S Ways and Means Committee

4/4/2013

Committee Referrals

Ways And Means And Fiscal Oversight3/13/2013

Full Bill Text

No bill text available