HOUSE BILL No. 6408


     September 24, 2002, Introduced by Reps. Woodward, Kolb and Lipsey and referred to the Committee on Tax Policy.


        A bill to amend 1967 PA 281, entitled

   "Income tax act of 1967,"

   (MCL 206.1 to 206.532) by adding section 275.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

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             SEC. 275.  (1) BEGINNING WITH THE 2003 TAX YEAR, A RESIDEN-

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        TIAL TAXPAYER MAY CREDIT AGAINST THE TAX IMPOSED BY THIS ACT,

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        SUBJECT TO THE APPLICABLE LIMITATIONS PROVIDED BY THIS SECTION,

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        AN AMOUNT EQUAL TO $3.00 FOR EACH WATT GENERATED BY THE TAXPAYER

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        THROUGH THE USE OF A WIND TURBINE OR SOLAR PHOTOVOLTAIC SYSTEM.

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             (2) THE RESIDENTIAL TAXPAYER CREDIT ALLOWED UNDER THIS SEC-

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        TION SHALL NOT EXCEED $5,000.00 FOR THE TAX YEAR.

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             (3) TO BE ELIGIBLE FOR A CREDIT UNDER THIS SECTION, THE WIND

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        TURBINE OR SOLAR PHOTOVOLTAIC SYSTEM, OR A COMBINATION OF THE 2

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        SYSTEMS, SHALL BE INSTALLED IN THIS STATE AND PRODUCE ELECTRICITY

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        AS AN ALTERNATIVE OR REPLACEMENT FOR FOSSIL FUEL GENERATION.  A


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        WIND TURBINE SYSTEM SHALL HAVE A MINIMUM OF 500 WATTS OF PEAK

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        ELECTRIC CAPACITY, A SOLAR PHOTOVOLTAIC SYSTEM SHALL HAVE A MINI-

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        MUM OF 100 WATTS OF PEAK ELECTRIC CAPACITY, AND A COMBINED WIND

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        AND SOLAR SYSTEM SHALL HAVE A MINIMUM OF 600 WATTS OF PEAK ELEC-

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        TRIC CAPACITY.














































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