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JLARC finds public-utility tax credit for home energy assistance unlikely to drive more assistance; Commerce recommends termination
Summary
JLARC told the House Finance Committee that a public-utility tax credit reimbursing up to 50% of utilities' home energy assistance likely does not influence the amount of assistance utilities provide; the Department of Commerce recommended terminating the preference.
Pete Van Moorsil, staff to the Joint Legislative Audit and Review Committee, presented JLARC’s 2024 review of the public-utility tax credit for home energy assistance at the House Finance Committee meeting on Jan. 14. The credit reimburses up to 50% of energy assistance utilities provide to low-income customers, is capped at $2,500,000 per year statewide, and is allocated by the Department of Revenue to about 60 utilities in proportion to the federal LIHEAP dollars their customers receive.
JLARC found that utilities increased energy-assistance spending statewide—rising about 42% from 2018 to 2023, from $53.6 million to $76.1…
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