2019 SB 518 New Solar Market Development Tax Credit
- CVNM Position:
- Support
- Year:
- 2019
- Sponsors:
-
Mimi Stewart
- Topics:
- Energy & Climate Change
- Legislative Info:
- SB 518 on nmlegis.gov »
Description
SB 518 allowed a taxpayer a tax credit for installing a solar photovoltaic or thermal system. This bill allowed a 10% credit up to $6,000 with a five year carry forward and established an aggregate cap of $10 million per year and was sunset in 2029.
Outcome
SB 518 passed the Senate 29-12 and passed the House Taxation and Revenue Committee, but died on the House Calendar.
How Legislators Voted on SB 518
- = Pro Conservation Vote
- = Anti Conservation Vote
- A = Absent
- E = Excused
- R = Recused
- W = Abstain