2018 HB 87 Solar Market Development Income Tax Credit
- CVNM Position:
- Support
- Year:
- 2018
- Sponsors:
-
Debbie A. Rodella
Patricio Ruiloba
Carl Trujillo
- Topics:
- Energy & Climate Change
- Legislative Info:
- HB 87 on nmlegis.gov »
Description
HB 87 would have allowed taxpayers to take up to a 10% tax credit for installing thermal or photovoltaic solar systems, for both residential and business installations. It established a $5 million aggregate cap for the amount of tax credits taken in a year, but did not separate out residential and business installations. It was simpler than HB 36, but would have accomplished the same goal of promoting the use of renewable energy.
Outcome
HB 87 died in the House Taxation and Revenue Committee. Its companion, SB 79, passed both the House and the Senate.
How Legislators Voted on HB 87
- = Pro Conservation Vote
- = Anti Conservation Vote
- A = Absent
- E = Excused
- R = Recused
- W = Abstain
| Legislator | Party | District | Office | Conservation Vote |
Year |
|---|---|---|---|---|---|
| Baldonado, Alonzo (R) | R | 8 | Representative | 2018 | |
| Gomez, Bealquin "Bill" (D) | D | 34 | Representative | 2018 | |
| Herrell, Yvette (R) | R | 51 | Representative | 2018 | |
| Lente, Derrick J. (D) | D | 65 | Representative | 2018 | |
| Lewis, Tim D. (R) | R | 60 | Representative | 2018 | |
| Powdrell-Culbert, Jane E. (R) | R | 44 | Representative | E | 2018 |
| Rodella, Debbie A. (D) | D | 41 | Representative | 2018 | |
| Ruiloba, Patricio (D) | D | 12 | Representative | 2018 | |
| Trujillo, Carl (D) | D | 46 | Representative | 2018 | |
| Trujillo, Jim R. (D) | D | 45 | Representative | 2018 | |
| Youngblood, Monica (R) | R | 68 | Representative | E | 2018 |