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PARRIS N. GLENDENING, Governor
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Ch. 296
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(III) CAN DRAW PROPULSION ENERGY FROM BOTH OF THE
FOLLOWING ON-BOARD SOURCES OF STORED ENERGY:
(I) 1. A CONSUMABLE FUEL GASOLINE OR DIESEL FUEL; AND
(II) 2. A RECHARGEABLE ENERGY STORAGE SYSTEM.
(9) (I) "SOLAR ENERGY PROPERTY' MEANS EQUIPMENT THAT USES
SOLAR ENERGY:
1. TO GENERATE ELECTRICITY;
2. TO HEAT OR COOL A STRUCTURE OR PROVIDE HOT WATER
FOR USE IN A STRUCTURE; OR
3. TO PROVIDE SOLAR PROCESS HEAT.
(II) "SOLAR ENERGY PROPERTY" DOES NOT INCLUDE A SWIMMING
POOL, HOT TUB, OR ANY OTHER ENERGY STORAGE MEDIUM THAT HAS A FUNCTION
OTHER THAN STORAGE.
(10) "SOLAR WATER HEATING PROPERTY' MEANS SOLAR ENERGY
PROPERTY THAT;
(I) WHEN INSTALLED IN CONNECTION WITH A STRUCTURE, USES
SOLAR ENERGY FOR THE PURPOSE OF PROVIDING HOT WATER FOR USE WITHIN THE
STRUCTURE; AND
(II) MEETS APPLICABLE PERFORMANCE AND QUALITY STANDARDS
AND CERTIFICATION REQUIREMENTS IN EFFECT AT THE TIME OF ACQUISITION OF
THE PROPERTY, AS SPECIFIED BY THE MARYLAND ENERGY ADMINISTRATION.
(B) AS PROVIDED IN THIS SECTION, AN INDIVIDUAL OR A CORPORATION MAY
CLAIM A CREDIT AGAINST THE STATE INCOME TAX FOR A TAXABLE YEAR AS
PROVIDED IN THIS SECTION FOR THE COSTS OF THE FOLLOWING PROPERTY PLACED
IN SERVICE DURING THE TAXABLE YEAR:
(1) A QUALIFIED ELECTRIC VEHICLE;
(2) A QUALIFIED HYBRID VEHICLE;
(3) A NEW, HIGHLY ENERGY EFFICIENT PRINCIPAL RESIDENCE
MEETING THE REQUIREMENTS OF SUBSECTION (E) OF THIS SECTION; OR
(4) QUALIFIED ENERGY PROPERTY.
(C) (1) FOR EACH QUALIFIED ELECTRIC VEHICLE PLACED IN SERVICE
DURING THE TAXABLE YEAR, THE CREDIT ALLOWED UNDER THIS SECTION
INCLUDES AN AMOUNT EQUAL TO THE LESSER OF;
(I) 5% OF THE COST OF THE QUALIFIED ELECTRIC VEHICLE; OR
(II) $2,000.
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- 1737 -
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