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2023a_1272_eng.pdf
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🔗 Source: leg.colorado.gov
📊 Size: 498 KB
👤 Author: Administrator
⬇️ Downloads: 67

Summary

House Bill 23-1272 concerns tax policy to advance decarbonization, extending tax credits for electric vehicles, creating tax credits for industrial facilities to reduce greenhouse gas emissions, geothermal energy projects, heat pump technology, and sustainable aviation fuel production facilities. The bill also temporarily decreases the severance tax credit for oil and gas production, with the revenue deposited into the Decarbonization Tax Credits Administration Cash Fund. Key provisions include extending tax credits for electric vehicles through 2028, creating a refundable income tax credit for industrial facilities to undertake greenhouse gas emissions reduction improvements, and establishing tax credits for geothermal energy projects and heat pump technology.

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House Bill 23-1272 concerns tax policy to advance decarbonization, extending tax credits for electric vehicles, creating tax credits for industrial facilities...

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  • File Format: PDF
  • File Size: 498 KB
  • Pages: 97
  • Language: EN
  • Author: Administrator
  • Total Downloads: 67
  • Last Updated: 2 weeks ago

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