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PARRIS N. GLENDENING, Governor
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Ch. 296
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SECTION 5. AND BE IT FURTHER ENACTED, That Section 2 of this Act shall
be applicable to all taxable years beginning after December 31, 1999.
SECTION 6. AND BE IT FURTHER ENACTED, That Section 3 of this Act shall
be applicable to all taxable years beginning after December 31, 2000.
SECTION 7. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 2000.
Approved May 11, 2000.
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CHAPTER 296
(House Bill 20)
AN ACT concerning
Maryland Clean Energy Efficient Technology Tax Incentive Act
FOR the purpose of providing an exemption from the sales and use tax for certain
appliances that meet or exceed certain applicable energy efficiency guidelines;
providing an exemption from, the sales and use tax for certain energy efficient
heating and cooling equipment and fuel cell electric generating equipment;
allowing a credit against the motor vehicle excise tax for certain qualified
electric vehicles and certain vehicles having an onboard rechargeable energy
storage system; providing for the distribution of certain sales and use tax
revenue to the Transportation Trust Fund of the State; allowing a credit against
the State income tax for certain costs of certain energy efficient property;
providing for calculation of the amount of the credit equipment that uses solar
energy to generate electricity or to heat or cool a structure or provide hot water
for use in a structure; allowing a credit against the State income tax for certain
electricity produced from certain qualified resources; providing for calculation of
the amount of the credit; providing for the carryover of certain unused credit to
certain taxable years; requiring the Motor Vehicle Administration and the
Maryland Energy Administration jointly to adopt certain regulations; requiring
the Maryland Energy Administration, in consultation with certain persons, to
develop certain voluntary labeling and public information materials; defining
certain terms; providing for the application and termination of this Act; and
generally relating to certain State income tax credits incentives for the cost of
certain energy-efficient property and for certain electricity produced from
certain qualified resources.
BY repealing and reenacting, with amendments,
Article - Tax - General
Section 2-1302.1
Annotated Code of Maryland
(1997 Replacement Volume and 1999 Supplement)
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- 1733 -
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