An Act To Help the State Achieve Energy Independence and Security
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 2 MRSA §9, sub-§3, ¶I, as enacted by PL 2007, c. 656, Pt. C, §1, is amended to read:
I. Monitor energy transmission capacity planning and policy affecting this State and the regulatory approval process for the development of energy infrastructure pursuant to Title 35-A, section 122 and make recommendations to the Governor and the Legislature as necessary for changes to the relevant laws and rules to facilitate energy infrastructure planning and development; and
Sec. 2. 2 MRSA §9, sub-§3, ¶J, as enacted by PL 2007, c. 656, Pt. C, §1, is amended to read:
J. Take action as necessary to carry out the goals and objectives of the state energy plan prepared pursuant to paragraph C . ; and
Sec. 3. 2 MRSA §9, sub-§3, ¶K is enacted to read:
K. In consultation with the Public Utilities Commission and the Maine State Housing Authority, certify energy efficiency equipment, nonfossil fuel systems and weatherization materials that significantly improve the State's energy independence and security for purposes of Title 36, section 5219-DD. The director may adopt routine technical rules as defined in Title 5, chapter 375, suchapter 2-A to implement this paragraph.
Sec. 4. 36 MRSA §5219-DD is enacted to read:
1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings. A. "Energy efficiency equipment" means equipment that is installed on an existing system to provide ambient heating or cooling to a structure in the State that is certified by the office under Title 2, section 9, subsection 3, paragraph K as significantly improving the State's energy independence and security.
B. "Office" means the Governor's Office of Energy Independence and Security established in Title 2, section 9.
C. "Qualifying system" means a system designed to provide ambient heating or cooling to a structure in the State using solely nonfossil fuel and certified by the office under Title 2, section 9, subsection 3, paragraph K as significantly improving the State's energy independence and security.
D. "Qualifying taxpayer" means an individual who qualified for a benefit under chapter 907 during the preceding calendar year.
E. "Weatherization materials" means materials that are incorporated into a structure in the State that are certified by the office under Title 2, section 9, subsection 3, paragraph K as significantly improving the State's energy independence and security.
2. Credit. A qualifying taxpayer is allowed a credit against the tax imposed by this Part equal to 10% of the costs of installation during the tax year of energy efficiency equipment, a qualifying system or weatherization materials. The credit may not exceed $250 per tax return per structure. The credit may not reduce taxes otherwise due under this Part below zero.
3. Funding. By June 15th annually the State Tax Assessor shall determine the total amount of credits granted under this section for the previous taxable year and certify that amount to the State Controller, who shall, before the end of the fiscal year, transfer that amount, up to a maximum of $750,000, from the Energy and Carbon Savings Trust Fund established under Title 38, section 10008, subsection 2 to the General Fund.
Sec. 5. Application. This Act applies to tax years beginning on or after January 1, 2009.
summary
This bill enacts an income tax credit for persons eligible for a benefit under the Circuitbreaker Program for 10% of the cost of the installation of energy efficiency equipment, qualifying nonfossil fuel energy systems and weatherization materials on a structure in the State. The credit is limited to $250 per tax return per structure. Funding for the credit of up to $750,000 must be transferred to the General Fund from the Energy and Carbon Savings Trust Fund.