This bill modifies and repeals provisions related to income tax incentives.
This bill:
- limits the eligibility for claiming the corporate or individual income tax credit for clean energy systems to systems that are placed in service before January 1, 2035; and
- repeals the individual income tax credit for qualifying solar projects and the corporate and individual income tax credits for alternative energy development.

Statutes affected:
Introduced: 59-7-614, 59-10-1014, 59-10-1106, 63I-2-259, 59-10-1112
Substitute #1: 59-7-614, 59-10-1014, 59-10-1106