By Mr. Sciortino of Medford, petition (accompanied by bill, House, No. 3376) of Carl M. Sciortino, Jr., and others for legislation to promote economic development through renewable energy production.  Telecommunications, Utilities and Energy.

The Commonwealth of Massachusetts

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PETITION OF:

Carl M. Sciortino, Jr.

Denise Provost

William N. Brownsberger

Susan C. Fargo

Mary E. Grant

Edward M. Augustus, Jr.

Stephen M. Brewer

John D. Keenan

Pamela P. Resor

Thomas J. Calter

Steven J. D'Amico

James E. Timilty

Gloria L. Fox

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In the Year Two Thousand and Seven.

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An Act to promote economic development via renewable energy production.

    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 2004 Official Edition, is hereby amended by inserting at the end of the first paragraph of subsection (d) the following paragraph:-

Said owner or tenant shall be allowed an additional credit equal to 10 per cent of the net expenditure for a renewable energy source property or $1,000, whichever is lesser; provided, however that the majority of the components of said renewable energy source property, determined by percentage of retail price, were manufactured in the commonwealth. The Executive Office of Economic Development shall publish annually a list of manufacturers whose products shall be considered as manufactured in the commonwealth for the purpose of this credit.