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JLARC: Public-utility tax credit for home energy assistance reimburses shrinking share of aid, auditors say
Summary
JLARC reported that a public-utility tax credit reimbursing up to 50% of utilities' low-income energy assistance likely does not drive utilities' assistance levels and reimburses a declining share of aid; Commerce recommended terminating the preference and pursuing a comprehensive statewide approach.
JLARC presented to the House Finance Committee on Jan. 14 that the public-utility tax credit for home energy assistance reimburses utilities for up to half of energy-assistance costs but likely does not influence how much assistance utilities provide to low-income customers.
Pete Van Moorsil, JLARC staff, told committee members the credit is capped at $2.5 million annually and is allocated by the Department of Revenue to about 60 utilities in proportion to federal LIHEAP (Low Income Home Energy Assistance Program) receipts. "About 30…
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