Summary as introduced:
Income tax credit, individuals and corporations. Provides an individual and corporate income tax credit for the costs of rainwater harvesting systems placed in service during the taxable year. The credit is up to $50,000 for each rainwater harvesting system placed in service during the taxable year by a corporation and up to $2,000 for each rainwater harvesting system placed in service during the taxable year by an individual. The credit is non-refundable and may be carried forward for five taxable years. The Board of Health must approve the use of the rainwater harvesting system before any credit is granted.
01/19/01 House: Presented & ordered printed 016219708 pdf | impact statement
01/19/01 House: Presented & ordered printed 016219708
01/19/01 House: Referred to Committee on Finance
01/25/01 House: Assigned to Finance sub-committee: 1
01/31/01 House: Tabled in Finance (23-Y 0-N)