Fiscal Note

SB0242 - Economic Development Incentives for Alternative Energy Projects

State Impact:
Enactment of this bill would result in foregone revenue in the long run of up to $360 million annually. In the short run of FY 2013 to FY 2015, this foregone revenue is expected to be in the neighborhood of $5 million.

Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for local governments or individuals. Businesses involved in alternative energy projects could see significant savings as a result of the tax credits.