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JLARC: Public-utility tax credit for home energy assistance reimburses a shrinking share of aid
Summary
JLARC told the House Finance Committee the $2.5 million annually capped public-utility tax credit likely does not drive utilities' low-income assistance levels; state law changes and rising energy prices have reduced the credit's relative value and usage.
The Joint Legislative Audit and Review Committee presented a 2024 review of a public-utility tax credit for home energy assistance to the House Finance Committee on Jan. 14.
JLARC staff reported the credit reimburses up to 50 percent of energy assistance utilities provide to low‑income customers but is capped statewide at $2.5 million per year. Allocation is proportionate to federal LIHEAP distributions and the Department of Revenue allocates the…
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