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MS HB49
Bill
Status
Failed
2/25/2015
Primary Sponsor
Bobby Moak
Click for details
AI Summary
- Provides income tax credit to state licensed contractors who construct single-family homes certified by the National Green Building Certification Program
- Credit amounts: $500 for bronze certification, $1,000 for silver certification, and $1,500 for gold certification, claimed in the year certificate of occupancy is issued
- Applies to homes constructed per NAHB Model Green Home Building Guidelines (2005) or National Green Building Standard (ICC 700-2008)
- Requires taxpayers to submit National Green Building Certificate and other documentation required by Department of Revenue with tax return
- Annual cap of $5,000 in total credits allowed per year; effective July 1, 2015
Legislative Description
Income tax; provide credit to contractors for homes constructed in accordance with certain Green standards.
Last Action
Died In Committee
2/25/2015
Committee Referrals
Ways and Means1/6/2015
Full Bill Text
No bill text available