April 5, 2007, Introduced by Reps. Accavitti, Melton and Condino and referred to the Committee on Energy and Technology.
A bill to amend 1975 PA 228, entitled
"Single business tax act,"
(MCL 208.1 to 208.145) by adding section 36e.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 36e. (1) For the 2007 tax year, a taxpayer may claim a
credit against the tax imposed by this act equal to 50% of the
total amount paid to purchase and install a photovoltaic system in
existing property owned by the taxpayer or to construct a new
building owned by the taxpayer that utilizes a photovoltaic system.
(2) If the amount of the credit allowed under this section
exceeds the tax liability of the taxpayer for the tax year, that
portion of the credit that exceeds the tax liability shall be
refunded.
(3) As used in this section:
(a) "Photovoltaic cell" means an integrated device consisting
of layers of semiconductor materials and electric contacts capable
of converting incident light directly into electricity.
(b) "Photovoltaic module" means an assembly of interconnected
photovoltaic cells.
(c) "Photovoltaic system" means a solar energy device composed
of 1 or more photovoltaic cells or photovoltaic modules, an
inverter or other power conditioning unit designed to deliver power
of a selected current and voltage, wires, and other electrical
connectors in order to generate electricity, heat or cool a
residential structure, provide hot water for use in a residential
structure, or provide solar process heat. Batteries for power
storage may also be included in a photovoltaic system.