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Committee adopts compromise substitute to wind down some clean-energy tax credits over 10 years
Summary
The committee unanimously approved a first substitute to HB264 to extend a planned wind-down of commercial clean-energy tax credits to 10 years, allow a four-year claim window for already-approved projects, and repeal language tied to unused small credits.
The House Revenue and Taxation Committee on Jan. 30 adopted a negotiated substitute to House Bill 264 that extends a planned wind-down of commercial clean-energy tax incentives and removes expired, unused credit language from the tax code.
Sponsor Representative Kristofferson told the committee the original proposal would have wound down incentives over six years. After discussions with industry, the first substitute extends the wind-down period to 10 years and allows projects that have already applied and been approved a…
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