Roadrunner Capitol Reports
Legislation Detail

H 125 SUSTAINABLE BUILDING TAX CREDIT DATES

Rep Kristina Ortez

Actions: [2] HENRC/HTRC-HENRC [6] DP-HTRC API.

Scheduled: Not Scheduled

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Summary:
 House Bill 125 (HB 125) expands the project eligibility date for 2021 Sustainable Building Tax Credits, personal and corporate.  
Legislation Overview:
 House Bill 125 (HB 125) moves forward the date for qualifying construction of buildings ready for broadband- and electric vehicle-ready under the 2021 Sustainable Building Tax Credits (credits), personal income and corporate. Commercial and residential projects completed by January 1, 2022, are eligible for the credits. Current statute allows projects to qualify beginning April 1, 2023.
   HB 125 does not change the credit repeal date of January 1, 2030.
 
Status Quo:
 If HB 125 is not passed, only broadband- and vehicle-ready commercial and residential sustainable building projects completed after April 1, 2023, will be eligible for the credits.