SENATE DOCKET, NO. 2152        FILED ON: 1/17/2025

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No.         

The Commonwealth of Massachusetts

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PRESENTED BY:

Bruce E. Tarr, (BY REQUEST)

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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act relative to commercial renewable investments.

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PETITION OF:

SENATE DOCKET, NO. 2152        FILED ON: 1/17/2025

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No.         

The Commonwealth of Massachusetts

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In the One Hundred and Ninety-Fourth General Court
(2025-2026)

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An Act relative to commercial renewable investments.

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

Chapter 63 of the Mass General Laws is hereby amended by inserting after section 81 the following new section: ---:

"Section __ Massachusetts Energy Credit for Corporations

Section 1) There shall be a tax credit assessed to Corporations for the total taxes owed by a Corporation within the Commonwealth of Massachusetts on the basis of the creation of renewable energies. The rate at which the credit shall be allocated is as follows:

0-14 Megawatts of Renewable Energy: 0.7%;

15 - 20 Megawatts of Renewable Energy: 1.4%;

21 - 30 Megawatts of Renewable Energy: 2.1%;

31-40 Megawatts of Renewable Energy: 2.8%;

41-50 Megawatts of Renewable Energy: 3.5%;

51-60 Megawatts of Renewable Energy: 4.2%;

61 - 70 Megawatts of Renewable Energy: 4.9%;

61-80 Megawatts of Renewable Energy 5.6%;

81-90 Megawatts of Renewable Energy: 6.3%;

91 - 100 Megawatts of Renewable Energy: 7%;

101- 110 Megawatts of Renewable Energy: 7.7%;

111-120 Megawatts of Renewable Energy: 8.4%;

121 - 130 Megawatts of Renewable Energy: 9.1%;

131- 140 Megawatts of Renewable Energy: 9.8%; and

141-150 Megawatts of Renewable Energy: 10.5%.

Section 2. For purposes of this credit renewable energy shall include: Wind turbine energy, Solar Panels, hydroelectric energy, Geo-Thermal Energy, and Nuclear Energy."