MS HB96

Allows income tax credit of 10% for qualified energy efficiency improvements (insulation, windows, doors, metal roofs) installed in homestead-exempt dwellings, capped at $500 lifetime per taxpayer.

Provides income tax credit for residential energy property expenditures (heat pumps, furnaces, water heaters, air conditioners) with individual credits capped at $50-$300 depending on equipment type.

Allows income tax credit of 50% of the first $25,000 in costs for installing wind or solar energy systems at residences or rental apartment complexes, with unused credits carried forward up to five years.

Exempts from ad valorem taxation the added property value resulting from installation of eligible wind or solar energy systems.

Effective January 1, 2011.