HB 1243 -- Income Tax Deduction for Alternative Energy Sources

Sponsor:  Sater

Beginning January 1, 2011, this bill authorizes an income tax
deduction for any taxpayer who purchases certain qualified fuel
cell property that is installed for a dwelling located in the
United States and used as the principal residence by the
taxpayer.  The deduction will be 50% of the purchase price or
$1,000, whichever is less.

The bill also authorizes an income tax deduction for any taxpayer
who purchases solar energy property to generate electricity for a
dwelling in this state and used as a residence by the taxpayer.
The deduction will be 50% of the purchase price or $4,000,
whichever is less.

The provisions of the bill will expire December 31 six years from
the effective date.

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:10 pm