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ND HB1228
Bill
Status
4/6/2015
Primary Sponsor
Mark Owens
Click for details
AI Summary
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Extends the carryforward period for excess wind energy tax credits from 20 to 30 years for devices installed after September 30, 2008 and before January 1, 2012
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Establishes a 10-year carryforward period for excess tax credits on geothermal, solar, or biomass energy devices installed after September 30, 2008, and wind energy devices installed after December 31, 2011
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Maintains existing 5-year carryforward period for general excess energy device tax credits that do not exceed tax liability under the chapter
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Effective for taxable years beginning after December 31, 2014
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Passed with strong bipartisan support: House vote 74-19-1, Senate vote 45-1-1
Legislative Description
The carryforward period for excess geothermal, solar, wind, or biomass energy device income tax credits; and to provide an effective date.
Last Action
Signed by Governor 04/02
4/6/2015