2008 Senate Bill 1040: Authorize “green energy” tax credits

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Introduced by Sen. Roger Kahn (R) on January 22, 2008, to authorize a $200 income tax credit against the difference between what a person pays for choosing electric power generated from a “renewable energy resource” and what the person would pay for electricity generated from conventional sources. Utilities would be required to disclose the cost differential on a customer’s statement.
- Referred to the Senate Energy Policy & Public Utilities Committee on January 22, 2008.
- Amendment offered in the Senate on March 26, 2008, to define “renewable energy resource” as one that “naturally replenishes over a human, not a geological, time frame ultimately derived from solar power, solar hot water, or wind power. a renewable energy resource comes from the sun or from thermal inertia of the ground and minimizes the output of toxic material in the conversion of the energy”. The amendment passed by voice vote in the Senate on March 26, 2008.
Passed 38 to 0 in the Senate on March 27, 2008.
Who Voted "Yes" and Who Voted "No"
Received in the House on April 8, 2008.
- Referred to the House Energy and Technology Committee on April 8, 2008.

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1) Sen. Roger Kahn, remember SOME geothermal system waste TONS of water. by Anonymous Citizen on June 20, 2008
Revise the bill clarify which kind,
please. GOOD JOB.
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2) Good start by Anonymous Citizen on March 29, 2008
Not by any means perfect, but a definite step in the right direction.
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3) "journal statement" by Admin003 on March 28, 2008
Senator Kahn’s statement is as follows:

I rise to speak on two accords. The first is that the members may have noticed that wandering around in the chamber today several of us happen to be wearing a different sort of tie: one, I think, is referred to as a wow or a wob or a bow—a bow tie. I had the pleasure of receiving one from the Senator from the 37th District. As a matter of fact, he even tied it around my neck—a little tightly, I might add—but nonetheless, he did offer that additional courtesy. I would like members to know that I feel about ten pounds lighter from having put this on. I would recommend it for those of you who feel a need of slenderization. That is not the primary reason I rise to speak today.

Senate Bill No. 1040 that we dealt with earlier today would allow an income tax deduction for one of our people who participates in a qualified energy program. The deduction would be up to $200 a year. What you might ask is what is a qualified energy program? That means a green energy program, and I would certainly agree that that could be considered a combination of maize and blue, proposed by the PSC and certified by a nationally-recognized and independent third-party organization. This bill is particularly important given the fact that at the present there is a considerable concern about exactly what the cost of RPS compliance might be and those standards haven’t been very well quantified. The chief risk associated with RPS appears to be the potential for consumer backlash if RPS standards come in association with a high price tag.

So communicating with a range of possible costs with customers is one of the goals of Senate Bill No. 1040. And also should there be a high price tag, Senate Bill No. 1040 seeks to ameliorate and minimize those costs.

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