HB 633

Abstract

Tax deduction for energy-saving products.Establishes a tax deduction for the amount a taxpayer pays for energy-savingproducts, not to exceed $10,000. Energy-saving products are definedas being either (i) solar panels or (ii) products that meet the requirementsof the Energy Star program established by the U.S. EnvironmentalProtection Agency and the U.S. Department of Energy. To qualify forthe deduction, the taxpayer must spend at least $1,000 on energy-savingproducts. The bill also provides that a person may not claim boththis deduction and the existing deduction for certain energy-efficientproducts during the same taxable year.