SB 814 – Reauthorizes the wood energy producers tax credit and caps the amount of tax credits available under the program each fiscal year

• Sponsor: Brown
• LR Number: 5795S.01I
• Committee: Agriculture, Food Production and Outdoor Resources
• Last Action: 5/16/2014 - S Informal Calendar S Bills for Perfection--SB 814-Brown
• Effective Date: August 28, 2014

Current Bill Summary

SB 814 - As of June 30, 2013, wood energy producers may no longer qualify for a tax credit. This act allow wood energy producers to once again qualify for a tax credit. No wood energy producer tax credits may be authorized after June 30, 2020. This act also prohibits more than three million dollars in tax credits under this program in any fiscal year.

This act is similar to HB 1684 (2014), SB 204 (2013), HB 413 (2013), and SB 748 (2012). This act is similar to a provision in HB 1498 (2014), HB 1661 (2014), CCS/SCS/SB 729 (2014), CCS/HCS/SB 342 (2013), SS/SCS/SB 120 (2013), and HCS/HB 698 (2013).

MIKE HAMMANN