HB 1892 -- Alternative Energy Tax Deduction

Sponsor:  Holsman

This bill allows individuals who use specified types of qualified
fuel cell or solar energy to generate electricity for their
residences to claim a tax deduction from the taxpayer's state
adjusted gross income.  Beginning January 1, 2008, owners of
certain types of fuel cell power plants used in connection with
dwellings may claim a deduction for the lesser of 50% of the
purchase price of the power plant or $2,000, and the owner of a
property that uses solar energy to generate power for a residence
may claim a deduction for the lesser of 50% of the purchase price
of the property or $8,000.

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 3:11 pm