North Carolina 2021-2022 Session Status: In Committee Bipartisan · 15 D · 1 I cosponsors

HB 563 — Renewable Energy Tax Credit.

Last action — Passed 1st Reading

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2021-2022 Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

79 added · 78 removed

Plain-language change summary

The updated version of House Bill 563 has made a few key changes regarding tax credits for renewable energy property. Specifically, it now clarifies that both residential and eco-industrial parks can receive certain financial ceilings for renewable energy installations, with distinct amounts set for different types of equipment. This matters because it potentially boosts financial support for individuals and businesses adopting renewable energy, aiming to encourage more sustainable practices across North Carolina.

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GENERAL ASSEMBLY OF NORTH CAROLINA H.B.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2021 H 1 HOUSE BILL 563 Short Title:
563 Apr 14, 2021 SESSION 2021 HOUSE PRINCIPAL CLERK H D HOUSE BILL DRH30264-MCf-149D Short Title:
Representative Harris.
Representatives Harris, Autry, Lofton, and Hurtado (Primary Sponsors).
For a complete list of sponsors, refer to the North Carolina General Assembly web site.
A BILL TO BE ENTITLED AN ACT TO REENACT A TAX CREDIT INCENTIVE FOR INVESTING IN RENEWABLE ENERGY PROPERTY.
Rules, Calendar, and Operations of the House April 15, 2021 A BILL TO BE ENTITLED AN ACT TO REENACT A TAX CREDIT INCENTIVE FOR INVESTING IN RENEWABLE ENERGY PROPERTY.
– A taxpayer that has constructed, purchased, or leased renewable energy property is allowed a credit equal to thirty-five percent (35%) of the cost of the property if the property is placed in service in this State during the taxable year.
– A taxpayer that has constructed, purchased, or leased renewable energy property is allowed a credit equal to thirty-five percent (35%) of the cost of the property if the propertyis placed in service in this State during the taxable year.
In the case of renewable energy property that serves a nonbusiness purpose, the credit must be taken for the taxable year in which the property is placed in service.
In the case of renewable energy propertythat serves a nonbusiness purpose, the credit must be taken for the taxable year in which the property is placed in service.
Upon request of a taxpayer that leases renewable energy property, the lessor of the property must give the taxpayer a statement that describes the renewable energy property and states the cost of the property.
Upon request of a taxpayer that leases renewable energy property, the lessor of the propertymust give the taxpayer a statement that describes the renewable energy property and states the cost of the property.
(2) Nonbusiness.
*H563-v-1* General Assembly Of North Carolina Session 2021 (2) Nonbusiness.
*DRH30264-MCf-149D* General Assembly Of North Carolina Session 2021 a.
a.
– A taxpayer that claims any other credit allowed under this Chapter with respect to renewable energy property may not take the credit allowed in this section with respect to the same property.
– A taxpayer that claims any other credit allowed under this Chapter with respect to renewable energyproperty may not take the credit allowed in this section with respect to the same property.
– Except for taxpayers covered by subsection (f) of this section, this This section is repealed effectivefor renewable energy propertyplaced into serviceon or afterJanuary 1, 2016.2025.
– Except for taxpayers covered by subsection (f) of this section, this This section is repealed effectivefor renewable energypropertyplaced into serviceon or afterJanuary 1, 2016.2025.
– A taxpayer is eligible for the delayed sunset provided by subsection (f)or(g)ofthis sectionifthetaxpayermakes atimelyapplication fortheextension, pays theapplication fee, and meets both ofthefollowing conditions on orbeforeJanuary1, 2016:
– A taxpayer is eligible for the delayed sunset provided bysubsection (f)or(g)of this sectionifthetaxpayermakes atimelyapplication fortheextension, pays theapplication fee, and meets both ofthefollowing conditions on orbeforeJanuary1, 2016:
A taxpayer must provide the documentation required under this subsection to the Department on orbeforeMarch 1, 2016, to verifythatthetaxpayermeets theminimum percentageofincurred costs and partial construction required to be eligible for the sunset extension:
A taxpayer must provide the documentation required under this subsection to the Department on orbeforeMarch 1, 2016, to verifythat thetaxpayermeets theminimum percentageofincurred costs and partial construction required to be eligible for the sunset extension:
(2) A notarized copy of a written report prepared by an independent engineer duly licensed in the State of North Carolina with expertise in the design and construction of installations of renewable energy property stating that at least Page 2 DRH30264-MCf-149D General Assembly Of North Carolina Session 2021 the minimum percentage of the physical construction of the project was completed prior to January 1, 2016.
Page 2 House Bill 563-First Edition General Assembly Of North Carolina Session 2021 (2) A notarized copyof a written report prepared byan independent engineer duly licensed in the State of North Carolina with expertise in the design and construction of installations of renewable energy property stating that at least the minimum percentage of the physical construction of the project was completed prior to January 1, 2016.
DRH30264-MCf-149D Page 3
House Bill 563-First Edition Page 3
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Action History

  1. Passed 1st Reading

  2. Ref To Com On Rules, Calendar, and Operations of the House

  3. Filed

Sponsors

Sponsorship breakdown

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3 sponsors · 26 co-sponsors · 150 not signed on

Sponsors (3)

Co-sponsors (26)

Not signed on (150)

150 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation energy
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Frequently asked questions

Who sponsors HB 563?
HB 563 is sponsored by R. Smith, K. Smith, Harris, Autry, Brandon Lofton (Democratic), Hurtado, Adcock, Alexander, Vernetta Alston (Democratic), Cynthia Ball (Democratic), Mary Belk (Democratic), Terry M. Brown Jr. (Democratic), Becky Carney (Democratic), Clemmons, Fisher, Gill, Pricey Harrison (Democratic), Zack Hawkins (Democratic), Hunt, Carolyn G. Logan (Democratic), Lucas, Nasif Majeed (U), Meyer, Robert T. Reives, II (Democratic), James Roberson (Democratic), Julie von Haefen (Democratic), Joe John (Democratic), Cecil Brockman (Democratic), and Eric Ager (Democratic).
What is the current status of HB 563?
This bill died with 2021-2022 Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 563?
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