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Regular Session, 2011 ENROLLED
SENATE BILL NO. 255
BY SENATOR WILLARD-LEWIS AND REPRESENTATI VES AUSTIN BADON,
BOBBY BADON, CARMODY, GISCLAIR, HARDY, LEGER,
MONTOUCET, GARY SMI TH AND PATRICIA SMITH
AN ACT1
To enact R.S. 47:6030.1, relative to tax credits; to grant an individual income tax credit or2
the cost of purchase, installation, or construction of certain residential energy3
efficient property for the residences of certain elderly people; and to provide for4
related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 47:6030.1 is hereby enacted to read as follows: 7
ยง6030.1. Residential energy efficiency tax credit for the qualified elderly8
A.(1) For tax years beginning during 2012 and 2013, there shall be a9
credit against individual income tax for the cost of purchase, construction, or10
installation of qualifying residential energy efficient property for the Louisiana11
residence of a qualified elderly person as provided for in this Section.12
(2) The credit may be claimed in cases where the qualified elderly person13
purchases a newly constructed home with such qualifying residential energy14
efficient property already installed or constructed, or where such qualifying15
property is purchased, constructed, or installed at an existing home.16
B.(1) The credit shall be equal to fifty percent of up to twenty-five17
thousand dollars of the total aggregate cost of qualifying residential energy18
efficient property, including installation costs, that are purchased and installed19
in the Louisiana residence of a qualified elderly person. The credit may be used20
in addition to any federal tax credits earned for the same items. No taxpayer21
may receive more than twelve thousand five hundred dollars of credit pursuant22 SB NO. 255 ENROLLED
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to this Section per tax year and a taxpayer shall not receive any other state tax1
credit, exemption, exclusion, rebate or any other tax benefit for property or2
services for which the taxpayer has received a tax credit under this Section. If3
the tax credit allowed pursuant to this Section exceeds the amount of taxes due4
in the year in which it is claimed, then any unused credit may be carried5
forward as a credit against subsequent tax liability for a period not to exceed6
five years.7
(2) In the case of a taxpayer who purchases and installs or constructs8
qualifying residential energy efficient property in a residence, the tax credit9
shall be claimed on the return for the taxable year in which such property is10
placed in service. In the case of a taxpayer who purchases a newly constructed11
home with such property, the tax credit shall be claimed on the return for the12
taxable year in which the act of sale takes place.13
C. As used in this Section:14
(1) "Qualified elderly person" means an individual sixty-five years of age15
or older and who is a resident of Louisiana, if such individual's adjusted gross16
income would make the taxpayer eligible for the special assessment level17
provided for in Article VII, Section 18(G) of the Constitution of Louisiana for18
the tax year in which the credit is claimed.19
(2) "Qualifying residential energy efficient property" means energy20
efficient refrigerators, freezers, clothes washers, dishwashers, tankless water21
heaters, storage water heaters, room air conditioners, central air conditioners,22
air source heat pumps, furnaces, exterior windows and exterior doors. All23
qualifying residential energy efficient property must have earned the Energy24
Star label. All qualifying residential energy efficient property must be installed25
at the Louisiana residence that is either owned and occupied or rented and26
occupied by a qualified elderly person. The term shall not include wind energy27
systems or solar energy systems provided for in R.S. 47:6030.28
Section 2. This Act shall become effective upon signature by the governor or, if not29
signed by the governor, upon expiration of the time for bills to become law without signature30 SB NO. 255 ENROLLED
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by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If1
vetoed by the governor and subsequently approved by the legislature, this Act shall become2
effective on the day following such approval.3
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: