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MS HB480
Bill
Status
Failed
2/24/2010
Primary Sponsor
Bobby Moak
Click for details
AI Summary
- Provides an income tax credit to state licensed contractors who construct single-family homes certified by the National Green Building Certification Program
- Credit amounts are $500 for bronze certification, $1,000 for silver certification, and $1,500 for gold certification, applicable to the taxable year when the certificate of occupancy is issued
- Applies to homes constructed in accordance with the NAHB Model Green Home Building Guidelines (2005) or National Green Building Standard (ICC 700-2008)
- Requires taxpayers to submit a copy of the National Green Building Certificate with their income tax return and limits total credits to $5,000 per specific year
- Effective date is July 1, 2010, for taxable years beginning on or after January 1, 2011
Legislative Description
Income tax; provide credit to contractors for homes constructed in accordance with certain Green standards.
Last Action
Died In Committee
2/24/2010
Full Bill Text
No bill text available