Energy incentive expansion bill clears House committee
From the Legislative Research Commission:
Legislation that would expand the kinds of alternative and renewable energy projects and facilities eligible for state incentives—including renewable geothermal energy—was approved by the House Tourism Development and Energy Committee today.
House Bill 246, sponsored by House Majority Floor Leader Rocky Adkins, D-Sandy Hook, would expand the types of facilities that would qualify for incentives under the Kentucky Alternative Fuel and Renewable Energy Fund and Incentives for Energy Independence Act (IEIA) while exempting some geothermal drilling supplies and tools from state sales and use tax. If passed into law, HB 246 would take effect on Aug. 1.
The bill now goes to the full House for a vote.
Categories: Energy & Environment