Notice of Intent: Income Tax Credits for Wind or Solar Energy Systems

The Louisiana Department of Revenue has posted the Notice of Intent for a proposed rule regarding LAC 61:I.1907, Income Tax Credits for Wind or Solar Energy Systems.

The proposed rule accomplishes the following:

  • Clarifying the meaning of the term “energy system.”
  • Clarifying the definitions of residential sites where energy systems are installed
  • Clarifying the items eligible for reimbursement
  • Ensuring a credit cannot be claimed by both homeowner and installer on the same installation
  • Clarifying the costs that can be used to calculate the credit
  • Requiring itemized lists of equipment costs and installation costs

To read the full text of the Notice of Intent, visit revenue.louisiana.gov.

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LDR submits rule for Wind & Solar tax credits to Legislative Fiscal Office

BATON ROUGE – The Louisiana Department of Revenue (LDR) submitted to the Legislative Fiscal Office on Tuesday, August 7, a proposed rule to provide greater clarification and guidance on the costs that qualify for the state’s Wind & Solar Energy Systems tax credit.  Upon receiving a fiscal impact statement on the proposed rule from the LFO, the department will submit a notice of intent to the Louisiana Register for publication on August 20, 2012.

LDR is working with stakeholders to develop a rule to address the following issues:

  • Clarifying the meaning of the term “energy system.”
  • Clarifying the definitions of residential sites where energy systems are installed
  • Clarifying the items eligible for reimbursement
  • Ensuring a credit cannot be claimed by both homeowner and installer on the same installation
  • Clarifying the costs that can be used to calculate the credit
  • Requiring itemized lists of equipment costs and installation costs

 “From the day I became acting Secretary, one of my top priorities was to ensure that we are using all of our resources responsibly, and this review is a part of that process,” said acting Secretary of Revenue Jane Smith.

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