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MS HB1542
Bill
Status
2/26/2014
Primary Sponsor
Alyce Clarke
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AI Summary
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Establishes a 30% tax credit on the first $50,000 of costs for purchasing or leasing and installing solar electric energy systems on residential or commercial properties in Mississippi, available until July 1, 2024
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Credit is fully refundable—if the credit exceeds taxes owed, the Department of Revenue must issue a refund within 90 days of the claim
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Applies retroactively to solar systems installed on or after January 1, 2012, and can be used in addition to federal solar tax credits
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Prohibits homeowners associations and community covenants from banning solar installations, imposing unreasonable fees, or discriminating against members who install solar systems
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Awards attorney's fees and court costs to homeowners who successfully sue an HOA for violating the solar installation protections
Legislative Description
Income and franchise tax; allow refundable credit for costs of purchasing/leasing & installing solar electric energy system.
Last Action
Died In Committee
2/26/2014