Urges and requests the secretary of the Department of Revenue to report to the legislature certain information relative to the solar energy systems tax credit
Impact
The bill directly impacts Louisiana's tax structure related to renewable energy, specifically the solar energy tax credit program. By requiring the Department of Revenue to notify taxpayers about their standing in the queue for credits, the resolution aims to streamline the process and ensure equity among applicants. It also highlights the demand for such credits, as the approved claims already exceed the initially established cap, therefore necessitating this level of communication from the Department.
Summary
House Resolution No. 207 urges the Louisiana Department of Revenue to notify taxpayers whose claims for solar energy systems tax credits are pending regarding their priority position within the established tax credit caps. This initiative is significant as it addresses the uncertainty faced by taxpayers who have applied for the credits amid a capped tax credit program. The resolution emphasizes the need for transparency and communication between the Department and taxpayers, especially given the limited availability of credits for the fiscal years in question.
Sentiment
The sentiment surrounding HR 207 appears to be generally positive, as it seeks to alleviate taxpayers' concerns regarding their applications for renewable energy incentives. While not directly controversial, this resolution could be viewed favorably by environmental advocates and taxpayers alike, as it promotes the use of solar energy and encourages transparency in governmental processes.
Contention
Notably, the resolution reflects a broader contention surrounding the management and allocation of tax credits within a capped program. Given the high level of pending claims compared to the available credits, there are underlying tensions regarding how the Department allocates these credits. As many taxpayers may feel uncertain about their chances of receiving the credits, this resolution aims to mitigate such concerns and provide clarity, although it may still leave some applicants dissatisfied depending on their individual situations.
Terminates the solar energy systems tax credit and provides relative to the payment of claims for the tax credit for purchased systems (EN -$15,000,000 GF RV See Note)
Deletes the tax credit for wind energy systems and changes the credit for solar "energy" systems to a tax credit for both solar "electric" systems and solar "thermal" systems. (gov sig) (OR SEE FISC NOTE GF RV)
Provides for the carry forward rather than the refund of excess amounts of the solar energy systems tax credit under certain circumstances (OR -$1,700,000 GF RV See Note)
Terminates the solar energy systems tax credit and provides for the payment of tax credit claims for purchased systems (OR -$15,700,000 GF RV See Note)
Terminates the solar energy systems tax credit for purchased and leased systems and provides for the payment of claims for the tax credit for purchased systems (OR -$15,700,000 GF RV See Note)
Urges and requests the secretary of the Dept. of Revenue to report certain aggregated data concerning sales and use tax collections on transactions involving remote dealers to the legislature