ARIZONA HOUSE OF REPRESENTATIVES Fifty-fourth Legislature Second Regular Session
	House: WM DP 6-2-0-2

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HB 2290: renewable energy production; tax credits

Sponsor:  Representative Dunn, LD 13

Caucus and COW

Overview

Extends the renewable energy production tax credit 10 years and allows tax credits of $.04 per kilowatt-hour for the first 200,000 megawatt-hours of electricity produced by a qualified energy generator derived from wind, biomass, solar light or solar heat beginning January 1, 2021. Limits tax credits to $200,000 per facility beginning January 1, 2021.

History

Current statute allows for a maximum of $2,000,000 in tax credits per facility that uses qualified energy generators and a total of $20,000,000 in tax credits statewide on a first come, first serve purpose. For calendar years through December 31, 2020 the amount of credit is:

1) $.04 per kilowatt-hour in the first calendar year;

2) $.04 per kilowatt-hour in the second calendar year;

3) $.035 per kilowatt-hour in the third calendar year;

4) $.035 per kilowatt-hour in the fourth calendar year;

5) $.03 per kilowatt-hour in the fifth calendar year;

6) $.03 per kilowatt-hour in the sixth calendar year;

7) $.02 per kilowatt-hour in the seventh calendar year;

8) $.02 per kilowatt-hour in the eighth calendar year;

9) $.015 per kilowatt-hour in the ninth calendar year;

10) $.01 per kilowatt-hour in the tenth calendar year (A.R.S § 43-1083.02).

Provisions

1. Extends renewable energy production tax credits 10 years. (Sec. 1, 2)

2. Allows a tax credit of $.04 per kilowatt-hour for the first 200,000 megawatt-hours of electricity produced through a qualified energy generator derived from wind, biomass, solar light or solar heat. (Sec. 1, 2)

3. Limits tax credits for renewable energy production to $200,000 per facility. (Sec. 1, 2)

4. Contains technical changes. (Sec. 1, 2)

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8. Initials: VP/BBG                Caucus & COW

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