EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTING LA W.
[Brackets] indicate matter deleted from existing law.
*hb1214*
HOUSE BILL 1214
Q3, M3 4lr2828
CF SB 970
By: Delegate Fraser–Hidalgo
Introduced and read first time: February 8, 2024
Assigned to: Economic Matters
A BILL ENTITLED
AN ACT concerning 1
Energy Storage Systems – Income Tax Credit and Grant Program – Sunset 2
Extension 3
FOR the purpose of extending the termination date for a credit against the State income 4
tax for the installation of certain energy storage systems; delaying the establishment 5
of the Energy Storage System Grant Program in the Maryland Energy 6
Administration; and generally relating to an income tax credit and grant program 7
for energy storage systems. 8
BY repealing and reenacting, with amendments, 9
Article – Tax – General 10
Section 10–719(g) 11
Annotated Code of Maryland 12
(2022 Replacement Volume and 2023 Supplement) 13
BY repealing and reenacting, with amendments, 14
Article – State Government 15
Section 9–2012(h) 16
Annotated Code of Maryland 17
(2021 Replacement Volume and 2023 Supplement) 18
(As enacted by Chapter 246 of the Acts of the General Assembly of 2022) 19
BY repealing and reenacting, with amendments, 20
Chapter 246 of the Acts of the General Assembly of 2022 21
Section 4, 5, and 6 22
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 23
That the Laws of Maryland read as follows: 24
Article – Tax – General 25
2 HOUSE BILL 1214
10–719. 1
(g) The credit under this section may not be claimed for an energy storage system 2
installed before January 1, 2018, or after December 31, [2024] 2026. 3
Article – State Government 4
9–2012. 5
(h) A grant under this section may not be awarded for an energy storage system 6
installed before January 1, [2025] 2027. 7
Chapter 246 of the Acts of 2022 8
SECTION 4. AND BE IT FURTHER ENACTED, That: 9
(a) Section 1 of this Act shall be applicable to taxable years beginning after 10
December 31, 2021, but before January 1, [2025] 2027. 11
(b) Section 3 of this Act shall be applicable to taxable years beginning after 12
December 31, [2024] 2026. 13
SECTION 5. AND BE IT FURTHER ENACTED, That Section 2 of this Act shall take 14
effect July 1, [2024] 2026. 15
SECTION 6. AND BE IT FURTHER ENACTED, That Se ction 3 of this Act shall take 16
effect July 1, [2025] 2027. 17
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect June 18
1, 2024. 19