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HOUSE DOCKET, NO. 840 FILED ON: 1/19/2011 HOUSE . . . . . . . . . . . . . . . No. 875
The Commonwealth of Massachusetts _________________ PRESENTED BY: Carl M. Sciortino, Jr. _______________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying: An Act to promote economic development via renewable energy production. _______________ PETITION OF:
HOUSE DOCKET, NO. 840 FILED ON: 1/19/2011 HOUSE . . . . . . . . . . . . . . . No. 875
[SIMILAR MATTER FILED IN PREVIOUS SESSION
An Act to promote economic development via renewable energy production. Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows: Section 6 of chapter 62 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by inserting at the end of the first paragraph of subsection (d) the following paragraph:- Said owner or tenant shall be allowed an additional credit equal to 10 per cent of the net expenditure for a renewable energy source property or $1,000, whichever is lesser; provided, however that the majority of the components of said renewable energy source property, determined by percentage of retail price, were manufactured in the commonwealth. The Executive Office of Economic Development shall publish annually a list of manufacturers whose products shall be considered as manufactured in the commonwealth for the purpose of this credit. |
