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Residential Alternative Energy Tax Deduction (Idaho)
Incentive/Active true  +
Incentive/Amt 40% in the first year; 20% per year for next three years  +
Incentive/ApplDsc Residential  +
Incentive/AuthCode Idaho Code § 63-3022C  +
Incentive/AuthLink http://legislature.idaho.gov/idstat/Title63/T63CH30SECT63-3022C.htm  +
Incentive/ContAddr 800 Park Blvd. #4  +
Incentive/ContDept Idaho Tax Commission  +
Incentive/ContEmail taxrep@tax.idaho.gov  +
Incentive/ContName Public Information  +
Incentive/ContPhone (208) 334-7660  +
Incentive/ContPhone2 (800) 972-7660  +
Incentive/ContPlace Boise, Idaho  +
Incentive/ContZip 83722  +
Incentive/EnergyCat Renewable Energy Incentive Programs  +
Incentive/ImplSector State/Territory  +
Incentive/MaxInc 5,000 per year; 20,000 total deduction  +
Incentive/Name Residential Alternative Energy Tax Deduction  +
Incentive/ProgAdmin Idaho Tax Commission  +
Incentive/Summary This statute allows taxpayers an income ta
This statute allows taxpayers an income tax deduction of 40% of the cost of a solar, wind, geothermal, and certain biomass energy devices used for heating or electricity generation. Taxpayers can apply this 40% deduction in the year in which the system is installed and can also deduct 20% of the cost each year for three years thereafter. The maximum deduction in any one year is $5,000. The total maximum deduction is $20,000.<br> <br> Eligible biomass energy devices include a pellet stove or EPA-certified wood stove if: * it is in the taxpayer's residence, * it replaces an old wood stove that does not meet EPA requirements, * the purchase and replacement occurs within the same year, and * the old wood stove is dropped off at a Department of Environmental Quality (DEQ)-approved site within 30 days.<br> (Also applies to new natural gas or propane heating units that meet these criteria.) To qualify for the deduction, the home in which the system is intalled must have existed, been under construction, or had a building permit on or before January 1, 2002, and must be located within Idaho. The deduction for full year residents is calculated on the Idaho Supplemental Schedule 39R, section B, with the result transferred to Idaho Form 40. For part year and non-residents of Idaho, the deduction is calculated on Idaho Form 39NR, section B, with the results transferred to Idaho Form 43. Forms, instructions, and publications for the current and previous years can be found [http://tax.idaho.gov/m-formpub.cfm here].
[http://tax.idaho.gov/m-formpub.cfm here].  +
Incentive/TechDsc Biomass + , Ground Source Heat Pumps + , Passive Solar Space Heat + , Photovoltaics + , Solar Space Heat + , Solar Water Heat + , Wind + , Geothermal Electric +
Incentive/Type Personal Deduction +
OpenEI/PageDescription Residential Alternative Energy Tax Deduction: energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Idaho  + , Personal Deduction  + , Idaho Tax Commission  +
Place Idaho: Energy Resources +
Categories Financial Incentive Programs , Incentive with Contacts , Incentive with Authorities , Pages with reference errors
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
09:26:01, 17 December 2014  +
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