LD 1647
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LD 1647 Title Page An Act To Award Income Tax Credits for Boiler or Furnace Systems That Reduce or... Page 2 of 2
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LR 2246
Item 1

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 36 MRSA §5202-D is enacted to read:

 
§5202-D.__Tax credit for pollution-reducing boilers

 
1.__Definitions.__As used in this section, unless the context
otherwise indicates, the following terms have the following
meanings.

 
A.__"Organic material" means material that produces energy
when burned, including organic waste, municipal sludge or
sewage and oceanic or terrestrial crops.

 
B.__"Pollution-reducing boiler or furnace system" means a
boiler or furnace system placed into operation on or after
January 1, 2006 that, without increasing the total output of
nitrogen-oxygen compounds, burns organic material while:

 
(1)__Eliminating the amount of emissions of oxides of
nitrogen that would have resulted from using air; or

 
(2)__Reducing particulates emissions by at least 20%
below standards established by the Department of
Environmental Protection, Board of Environmental
Protection.

 
2.__Tax credit; transferability.__A business that uses a
pollution-reducing boiler or furnace system on the site of its
business is entitled to a credit against taxes due under this
chapter.__The amount of the tax credit is equal to 1.5__per
kilowatt-hour or its equivalent in heat energy produced by the
pollution-reducing boiler or furnace system, but in no case may
the credit exceed the amount of tax owed pursuant to this
chapter.__Tax credits earned pursuant to this chapter are
transferable and may be carried over from one tax year to the
next.

 
3.__Other boilers or furnace systems.__A business that
modifies a boiler or furnace system placed into operation prior
to January 1, 2006 may qualify for the tax credit pursuant to
subsection 2 if the existing boiler or furnace system is used in
conjunction with technology that:

 
A.__Reduces nitrogen oxides without increasing or decreasing
the total output of nitrogen-oxide compounds; or

 
B.__Reduces particulates emissions by at least 20% below
standards established by the Department of Environmental
Protection, Board of Environmental Protection.


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