HB2781 HEIL AM 3/18


The Committee on Energy, Industry & Labor moved to amend the bill on page one, section eleven-c, following line twenty, by striking the remainder of the bill and inserting in lieu thereof the following:
" §11-24-11c. Credit for sawmills becoming certified by the Leadership in Energy and Environmental Design (LEED) Green Building Rating System or Green Globes Building Rating Standard.
(a) General. -- A credit shall be allowed against the primary tax liability of an eligible taxpayer under this article for the cost of a sawmill to become certified by the Leadership in Energy and Environmental Design (LEED) Green Building Rating System .
(b) Definitions. -- For purposes of this section, the term:
(1) "Eligible taxpayer" means a business whose primary purpose is being a sawmill.
(2) "Cost of a sawmill to become certified by the Leadership in Energy and Environmental Design (LEED) Green Building Rating System " means the reasonable and necessary sums of money spent by the taxpayer in receiving that certification.
(c) Amount of credit. -- The amount of the credit available to any eligible taxpayer shall be equal to its cost of becoming certified by the Leadership in Energy and Environmental Design (LEED) Green Building Rating System , less any reimbursement of said cost which the taxpayer has received through any other means.
(d) When credit may be taken. -- An eligible taxpayer may claim a credit allowed under this section on its annual return for the taxable year in which it receives certification.
(e) Application of credit. -- Any unused credit may be carried over to each of the next three taxable years following the unused credit year until used or forfeited due to lapse of time.
(f) Copy of certification order. -- A copy of the certification by the Leadership in Energy and Environmental Design (LEED) Green Building Rating System must be attached to any annual return under this article on which a credit allowed by this section
is taken. ".