Provides for a tax abatement for electric energy storage equipment placed in service after January 1, 2027 and before January 1, 2029.
Increase the estate exemption to $5,000,000 for January 1, 2027, $7,500,000 for January 1, 2029, $10,000,000 for January 1, 2031. This act would eliminate the estate tax for decedents whose death occurs on or after January 1, 2033.
Provides that beginning January 1, 2027, any order issued to set the rate of gas and electricity, not including surcharges or tariffs, shall be in effect for three years.
Establishes minimum energy and water efficiency standards for appliance and specified equipment purchased or installed after January 1, 2025.
Provides for direct-pay tax abatement credits for solar electric generating systems and electric energy storage systems in connection with eligible buildings; provides such eligible properties shall include: 501(c)(3) corporations, associations, organizations or trusts and income-restricted affordable housing properties.
Establishes sales tax exemptions for commercial energy storage systems equipment.
Establishes sales tax exemptions for commercial energy storage systems equipment.
Enacts the "utility penalty adjustment"; adjusts utility penalties to account for inflation; increases such penalties and ties them to inflation after January 1, 2027.
Increases the net taxable estate exemption to $3,600,000 on January 1, 2026 and increases the exemption by $1,000,000 on January 1, 2027, and every year thereafter.
Increase the net taxable estate exemption to $3,600,000 on January 1, 2027. This act would also increase the exemption by $1,000,000 on January 1, 2028 and every year thereafter until this section and the tax would sunset and expire on January 1, 2033