Revenue and taxation; purchase of an emergency power generator to convenience stores and grocery stores; provide tax credit

Removed grocery stores as eligible recipients and added skilled nursing facilities as eligible recipients for the tax credit.

Reduced the maximum tax credit from $100,000-$700,000+ per entity to a maximum of $5,000 per taxable year, with a total aggregate cap of $5 million.

Added a requirement that taxpayers must submit applications for preapproval before claiming tax credits, with the department reviewing applications within 30 days.

Added a limit that no taxpayer can claim the tax credit for more than five convenience stores, and only once per facility.

Changed the claim deadline from December 31, 2026 to the taxpayer's 2026 tax return, and removed the ability to carry forward unused credits.

Added provisions requiring taxpayers to reimburse the department for audit costs if they claim or transfer tax credits.

Added a new definition for 'skilled nursing facility' to clarify which institutions qualify for the tax credit.

Modified the definition of convenience store to include a size limitation of less than 10,000 square feet of retail floor space.