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MS SB2532
Bill
AI Summary
- Allows a tax credit equal to 50% of costs for purchasing and installing insulation, energy-efficient replacement windows, and high-efficiency heating/cooling equipment, capped at $250 per year
- Limits eligibility to taxpayers with gross income not exceeding $30,000 (or $40,000 for joint returns)
- Applies only to improvements made during calendar years 2010 and 2011 on Mississippi residential property with homestead exemption
- Requires taxpayers to attach homestead exemption tax receipt and supporting documentation of improvements to income tax returns claiming the credit
- Repeals January 1, 2011, and takes effect January 1, 2010
Legislative Description
Taxation; authorize an income tax credit for installation of energy-efficient products in homes.
Last Action
Died In Committee
2/24/2010
Full Bill Text
No bill text available