2016 HB 175 Renewable Energy Tax Credit Eligibility
- CVNM Position:
George Dodge Jr.
David M. Gallegos
- Energy & Climate Change
- Legislative Info:
- HB 175 on nmlegis.gov »
HB 175 (and its companion SB 104) would have had the positive effect of encouraging an increase in the production of renewable energy. These bills would have added geothermal energy as a qualified renewable energy source, increased the total amount of electricity that may have been produced by qualified energy generators, and extended the date by which a qualified energy generator must have first produced electricity to qualify for the renewable energy production tax credit. They would have limited the period for which a taxpayer may have claimed the renewable energy production tax credit to 10 years, and added a sunset provision to the Renewable Energy Production Tax Credit.
HB 175 died in the House Ways and Means Committee. SB 104 died in the Senate Corporations and Transportation Committee.
How Legislators Voted on HB 175
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