SB 353 – Allows hogged wood and chipped wood to qualify for wood energy tax credit

• Sponsor: Engler
• LR Number: 1509S.01I
• Committee: Ways & Means
• Last Action: 1/25/2007 - Second Read and Referred S Ways & Means Committee
• Journal Page: S158
• Effective Date: August 28, 2007

Current Bill Summary

SB 353 - Under current law, hogged wood and chipped wood do not qualify as processed wood energy resources and are therefore not eligible for the wood energy tax credit. This act removes the disqualification of these woods as processed wood energy resources, thereby allowing them to qualify for the tax credit.

ERIKA JAQUES