By Mr. Patrick of Falmouth, petition (accompanied by bill, House, No. 3056) of Matthew C. Patrick and others relative to the renewable energy income tax credit.  Revenue.

The Commonwealth of Massachusetts

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PETITION OF:

Matthew C. Patrick

Carl M. Sciortino, Jr.

Gloria L. Fox

Gale D. Candaras

Jennifer M. Callahan

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In the Year Two Thousand and Seven.

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An Act relative to the renewable energy income tax credit.

    Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

   SECTION 1. Section 6 of chapter 62 of the General Laws, as appearing in the 1998 Official Edition, is hereby amended by striking out the words “fifteen per cent”, in line 21, and inserting in place thereof the following:— 50 per cent.

   SECTION 2. Said section 6 of said chapter 62, as so appearing, is hereby further amended by striking out the words “five thousand dollars”, in line 22, and inserting in place thereof the figure:— $5,000.

   SECTION 3. Said section 6 of said chapter 62, as so appearing, is hereby further amended by inserting after line 52 the following clause:—
(iii) an energy bill summary for the previous 12 months from the utility or energy company, or actual bills, before the installation of the system and a 12 month summary of bills after the installation of the system, or bills, from the utility or energy company must be submitted as proof of a reduction in energy usage directly attributable to the new system with the tax credit form to qualify for the credit.