HB 1485 -- Alternative Energy Tax Deduction

Sponsor:  Sater

This bill allows taxpayers who use specified types of fuel cell
or solar power to generate electricity for their residences to
claim a tax deduction.  Starting January 1, 2008, an individual
may claim a deduction for the lesser of 50% of the purchase price
of a qualified fuel cell property or $500, and the owner of a
qualified solar energy property may claim a deduction for the
lesser of 50% of the purchase price or $2,000.

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

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:10 pm