2017 SB 432 Renewable Energy Tax Credit Changes
- CVNM Position:
- Support
- Year:
- 2017
- Sponsors:
-
Clemente Sanchez
- Topics:
- Energy & Climate Change
- Legislative Info:
- SB 432 on nmlegis.gov »
Description
This bill would have increased the amount of electricity that can be produced subject to the renewable energy tax credit, extended the date by which electricity must be generated to quality for the credit and included geothermal as a qualified energy source. It also would have decreased the amount of credit per kilowatt hour for certain tax years and limited the period for which the credit may be claimed to ten years. This was a utility focused tax credit, aimed at benefitting larger, production scale renewable energy projects.
Outcome
SB 432 died in the Senate Corporations and Transportation Committee.
How Legislators Voted on SB 432
- = Pro Conservation Vote
- = Anti Conservation Vote
- A = Absent
- E = Excused
- R = Recused
- W = Abstain
| Legislator | Party | District | Office | Conservation Vote |
Year |
|---|---|---|---|---|---|
| Woods, Pat (R) | R | 7 | Senator | E | 2017 |
| Wirth, Peter (D) | D | 25 | Senator | 2017 | |
| Stefanics, Elizabeth "Liz" (D) | D | 39 | Senator | 2017 | |
| Soules, William P. (D) | D | 37 | Senator | 2017 | |
| Sanchez, Clemente (D) | D | 30 | Senator | 2017 | |
| Payne, William H. (R) | R | 20 | Senator | 2017 | |
| McSorley, Cisco (D) | D | 16 | Senator | 2017 | |
| Martinez, Richard C. (D) | D | 5 | Senator | 2017 | |
| Griggs, Ron (R) | R | 34 | Senator | 2017 | |
| Cervantes, Joseph (D) | D | 31 | Senator | 2017 |