HB 2575 -- Energy Efficiency and Conservation

Sponsor:  Pratt

This bill changes the laws regarding energy efficiency and
conservation.  In its main provisions, the bill:

(1)  Establishes the Green Building Tax Credit which authorizes,
beginning January 1, 2009, a tax credit for individuals who
construct a green building or green tenant space or rehabilitate
an existing structure into a green whole or base building or
green tenant space.  The tax credit has a per-taxpayer cap of
$50,000 per year and an aggregate cap of $1 million per year and
can be refunded, transferred, sold, or assigned;

(2)  Authorizes an income tax deduction of 50% of the cost of a
qualified home energy audit conducted by an energy auditor
certified by the Department of Natural Resources and an income
tax deduction of 100% of the purchase price for energy star
certified products, up to $1,000 per taxpayer per year;

(3)  Establishes the Show Me Green Sales Tax Holiday which
specifies that, for 2009 and every year thereafter, during the
seven-day period from April 19 to April 25, all retail sales of
energy star certified appliances will be exempt from state and
local sales tax; and

(4)  Designates the energy center of the Department of Natural
Resources as a central coordinator for energy sustainability
activities in the state.

The provisions of the bill regarding the Green Building Tax
Credit Program will expire five years from the effective date.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:12 pm