HOUSE DOCKET, NO. 2094        FILED ON: 1/14/2009

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2712

The Commonwealth of Massachusetts

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In the Year Two Thousand Nine

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An Act providing for a certain green tax credit..

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 is hereby amended by inserting after subsection (i) the following paragraph:-

(1) Any owner of residential property located in the commonwealth who is not a dependent of another taxpayer shall be allowed a tax credit equal to 100 per cent of the expenditures for the use of energy efficient technologies including wind, solar, photovoltaics, roofs, doors, windows, appliances, water heater, furnace, clothes washers, clothes dryers, dishwashers and other energy efficient home improvement modifications as determined by the executive office of energy and environmental affairs. Said tax credits shall be available to eligible taxpayers beginning in the tax years the repairs, replacements or installations were completed.  Said credit shall not exceed $1,000 in any tax years up to an aggregate maximum of $5,000.  The amount of any such credit shall be reduced by an amount equal to the total interest subsidy or grant received from the commonwealth, whether directly or indirectly, toward the cost of said expenditures.  The department shall promulgate such rules and regulations as are necessary to administer the credit afforded by this subsection, including, but not limited to, a notification system by the commonwealth to recipients of said interest subsidy or grant of the amount of the total subsidy provided by the commonwealth.