Enterprise Zone Investment Tax Credit For Renewable Energy Investments

The bill extends the tax years that a taxpayer may elect to receive a refund of 80% of the amount of an enterprise zone investment tax credit for renewable energy investments. Under current law, if a taxpayer elects such a refund, the taxpayer forgoes the remaining 20% of the amount of the enterprise zone investment tax credit. The bill also adds investments in energy storage systems as a qualified renewable energy investment. (Note: This summary applies to this bill as introduced.)