SB 748 – Extends the sunset on the wood energy producers tax credit and caps the amount of tax credits available under the program each fiscal year

• Sponsor: Brown
• LR Number: 5694S.01I
• Committee: Ways and Means and Fiscal Oversight
• Last Action: 2/9/2012 - Second Read and Referred S Ways and Means and Fiscal Oversight Committee
• Journal Page: S236
• Effective Date: August 28, 2012

Current Bill Summary

SB 748 - Currently, the Wood Energy Tax Credit program may not authorize further tax credits after June 30, 2013. This act allow tax credits to be authorized under this program until June 30, 2018. This act also prohibits more than four million five hundred thousand dollars in tax credits under this program in any fiscal year.

EMILY KALMER