The General Assembly Raised Bill No. 6776 mandates the Commissioner of Energy and Environmental Protection to conduct a study on the tax implications of the Non-Residential Energy Solutions Program, which was established by the Public Utilities Regulatory Authority on June 30, 2021. The study will specifically examine how the benefits of this program interact with federal tax credits or deductions related to energy efficiency and renewable energy investments. The commissioner is required to submit a report to the relevant joint standing committee of the General Assembly by January 1, 2026.

This bill introduces new legal language, specifically stating that the study will be conducted as a new section effective from the date of passage. There are no deletions from current law in this bill, as it primarily establishes a new requirement for the study without altering existing statutes. The purpose of the bill is to ensure a thorough understanding of the tax implications associated with the Non-Residential Energy Solutions Program.