Mary Katherine Bruce
06-22-2009
10:41 AM |
Louisiana Solar Legislation |
Three bills focusing on issues of sustainability authored by Louisiana Senator Nick Gautreaux, SB 91, 92 and 224, in the categories of Tax/Energy, Tax/Taxation, and Energy Development, respectively, are all in various points of progress of being passed for the state.
The first, SB 91, permits the creation of commercial energy tax credit, which may be capitalized with SEP ARRA funds, and an amendment has been added to help fossil fuel-burning plants burn cleaner by incorporating biomass. It will be voted on today by the full House.
The second, SB92, improves current renewable energy tax credit by allowing for the transferability and stacking of credits. It will be voted on only if a similar bill that accomplishes the same goals will not pass today in addition to SB 91.
Lastly, SB 224 authorizes local government subdivisions to establish sustainable renewable energy financing districts, which will provide financing bonds for renewable energy on any type of building (residential, governmental, commercial, religious, etc.). This bill was passed last night and is waiting for authorization from the governor.
Nick Gautreaux can be reached at gautreauxn@legis.state.la.us.
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