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H 3777 - Income tax credit for installation of a geothermal heat pump system

Tracking Level: Of Interest
Sponsor: Pinson
Last Action: 3/2/2011 - Referred to Committee on Ways and Means
House Committee:
Assigned To:
Finance/Revenue/TaxesNext Bill

Staff Analysis of the Legislation

Summary of the bill as introduced: Allows an income tax credit of 25 percent of the costs incurred in the purchase and installation of a geothermal heat pump system.

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Session 119 - (2011-2012)Printer Friendly
(pdf format)
H 3777 General Bill, By Pinson, Loftis, Barfield, Bowers, Spires, Parker and Parks
Similar (S 0536)
Summary: Income tax credit for geothermal heat pump system
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-6-3592 SO AT TO ALLOW AN INCOME TAX CREDIT IN AN AMOUNT EQUAL TO TWENTY-FIVE PERCENT OF THE COSTS INCURRED BY A TAXPAYER IN THE PURCHASE AND INSTALLATION OF A GEOTHERMAL HEAT PUMP SYSTEM.
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03/02/11House Introduced and read first time (House Journal-page 9)
03/02/11House Referred to Committee on Ways and Means (House Journal-page 9)


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