Tax Incentives Amendments

Changed the deadline for claiming clean energy system tax credits from January 1, 2035 to January 1, 2028, shortening the window by seven years.

Repealed the individual income tax credit for qualifying solar projects, removing tax benefits for solar energy installations.

Repealed the corporate and individual income tax credits for alternative energy development, eliminating tax incentives for alternative energy projects.

Updated the bill header and formatting to reflect Senate amendments with new date stamps and sponsor information.

Extended the deadline for placing clean energy systems in service to qualify for tax credits from the previous date to January 1, 2028, giving taxpayers more time to install qualifying systems.

Repealed the individual income tax credit for qualifying solar projects and the corporate and individual income tax credits for alternative energy development, eliminating these specific tax incentives.

Modified eligibility requirements across multiple tax code sections (59-7-614, 59-10-1014, and 59-10-1106) to align with the new 2028 service date while maintaining other credit provisions for residential and commercial energy systems.

Updated definitions and cross-references in tax code sections to ensure consistency between corporate and individual income tax provisions regarding clean energy systems.

Extended the deadline for claiming clean energy system tax credits from January 1, 2032 to January 1, 2028, allowing taxpayers more time to utilize these incentives.

Eliminated the individual income tax credit for qualifying solar projects and the corporate and individual income tax credits for alternative energy development.

Updated and consolidated definitions of clean energy systems across corporate and individual tax sections to ensure consistency in terminology and application.

Repealed several related tax credit sections and repeal dates that were previously in effect, simplifying the regulatory framework for clean energy incentives.