§ 82.04.4491. Credit -- Alternative power generation devices
(1) In computing the tax imposed under this chapter, a credit is allowed for the purchase of an alternative power generation device and labor and services for the installation of the device, by an eligible person. The credit is equal to the lesser of fifty percent of the cost of the alternative power generation device or twenty-five thousand dollars.
(2) The amount of the credit provided in subsection (1) of this section may not exceed the tax otherwise due under this chapter for the tax reporting period.
(3) The total amount of credits taken under this section in any biennium may not exceed seven hundred fifty thousand dollars.
(4) The definitions in this subsection apply throughout this section:
(a) "Alternative power generation device" means a device capable of providing electrical power for gasoline service station pumps during periods when regular electrical power is lost including, but not limited to, portable generators, standby generators, emergency generators, or other power generation devices. "Alternative power generation device" also includes wiring necessary to make the device capable of providing electrical power to the gasoline service station pumps.
(b) "Eligible person" means a person selling motor vehicle or special fuel from a gasoline service station, or other facility, with at least four fuel pumps.
(5) This section expires June 30, 2011.
[2008 c 223 § 1.]
Notes:
Effective date -- 2008 c 223: "This act takes effect July 1, 2008." [2008 c 223 § 2.]
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Last modified: April 7, 2009