Energy saving products; tax deduction. (HB2070)

Introduced By

Sen. John Bell (D-Chantilly)

Description

Tax deduction for energy saving products. Establishes a tax deduction for the amount a taxpayer pays for energy saving products, not to exceed $10,000. Energy saving products are defined as being either (i) solar panels or (ii) products that meet the requirements of the Energy Star program established by the U.S. Environmental Protection Agency and the U.S. Department of Energy. To qualify for the deduction, the taxpayer must spend at least $1,000 on energy saving products. The bill also provides that a person may not claim both this deduction and the existing deduction for certain energy efficient products during the same taxable year. Read the Bill »

Outcome

History