| 1 | 1 | | 1 of 1 |
|---|
| 2 | 2 | | SENATE DOCKET, NO. 2152 FILED ON: 1/17/2025 |
|---|
| 3 | 3 | | SENATE . . . . . . . . . . . . . . No. 2090 |
|---|
| 4 | 4 | | The Commonwealth of Massachusetts |
|---|
| 5 | 5 | | _________________ |
|---|
| 6 | 6 | | PRESENTED BY: |
|---|
| 7 | 7 | | Bruce E. Tarr, (BY REQUEST) |
|---|
| 8 | 8 | | _________________ |
|---|
| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
|---|
| 10 | 10 | | Court assembled: |
|---|
| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
|---|
| 12 | 12 | | An Act relative to commercial renewable investments. |
|---|
| 13 | 13 | | _______________ |
|---|
| 14 | 14 | | PETITION OF: |
|---|
| 15 | 15 | | NAME:DISTRICT/ADDRESS :Sofia Isabella FloresQuero LlamasMariah Delaney Eskel 1 of 2 |
|---|
| 16 | 16 | | SENATE DOCKET, NO. 2152 FILED ON: 1/17/2025 |
|---|
| 17 | 17 | | SENATE . . . . . . . . . . . . . . No. 2090 |
|---|
| 18 | 18 | | By Mr. Tarr (by request), a petition (accompanied by bill, Senate, No. 2090) of Sofia Isabella |
|---|
| 19 | 19 | | FloresQuero Llamas, and Mariah Delaney Eskel, for legislation relative to energy tax credits for |
|---|
| 20 | 20 | | corporations. Revenue. |
|---|
| 21 | 21 | | The Commonwealth of Massachusetts |
|---|
| 22 | 22 | | _______________ |
|---|
| 23 | 23 | | In the One Hundred and Ninety-Fourth General Court |
|---|
| 24 | 24 | | (2025-2026) |
|---|
| 25 | 25 | | _______________ |
|---|
| 26 | 26 | | An Act relative to commercial renewable investments. |
|---|
| 27 | 27 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
|---|
| 28 | 28 | | of the same, as follows: |
|---|
| 29 | 29 | | 1 Chapter 63 of the Mass General Laws is hereby amended by inserting after section 81 the |
|---|
| 30 | 30 | | 2following new section: ---: |
|---|
| 31 | 31 | | 3 "Section __ Massachusetts Energy Credit for Corporations |
|---|
| 32 | 32 | | 4 Section 1) There shall be a tax credit assessed to Corporations for the total taxes owed by |
|---|
| 33 | 33 | | 5a Corporation within the Commonwealth of Massachusetts on the basis of the creation of |
|---|
| 34 | 34 | | 6renewable energies. The rate at which the credit shall be allocated is as follows: |
|---|
| 35 | 35 | | 7 0-14 Megawatts of Renewable Energy: 0.7%; |
|---|
| 36 | 36 | | 8 15 - 20 Megawatts of Renewable Energy: 1.4%; |
|---|
| 37 | 37 | | 9 21 - 30 Megawatts of Renewable Energy: 2.1%; |
|---|
| 38 | 38 | | 10 31-40 Megawatts of Renewable Energy: 2.8%; 2 of 2 |
|---|
| 39 | 39 | | 11 41-50 Megawatts of Renewable Energy: 3.5%; |
|---|
| 40 | 40 | | 12 51-60 Megawatts of Renewable Energy: 4.2%; |
|---|
| 41 | 41 | | 13 61 - 70 Megawatts of Renewable Energy: 4.9%; |
|---|
| 42 | 42 | | 14 61-80 Megawatts of Renewable Energy 5.6%; |
|---|
| 43 | 43 | | 15 81-90 Megawatts of Renewable Energy: 6.3%; |
|---|
| 44 | 44 | | 16 91 - 100 Megawatts of Renewable Energy: 7%; |
|---|
| 45 | 45 | | 17 101- 110 Megawatts of Renewable Energy: 7.7%; |
|---|
| 46 | 46 | | 18 111-120 Megawatts of Renewable Energy: 8.4%; |
|---|
| 47 | 47 | | 19 121 - 130 Megawatts of Renewable Energy: 9.1%; |
|---|
| 48 | 48 | | 20 131- 140 Megawatts of Renewable Energy: 9.8%; and |
|---|
| 49 | 49 | | 21 141-150 Megawatts of Renewable Energy: 10.5%. |
|---|
| 50 | 50 | | 22 Section 2. For purposes of this credit renewable energy shall include: Wind turbine |
|---|
| 51 | 51 | | 23energy, Solar Panels, hydroelectric energy, Geo-Thermal Energy, and Nuclear Energy." |
|---|