BSB/2/13
Sponsored by Zoe Hasan, CC Robinson of West High School
This legislation was filed in the Environment and Conservation category
Presented as part of the YIG Volunteer 2024 conference
| 1 | BE IT ENACTED BY THE TENNESSEE YMCA YOUTH IN GOVERNMENT |
| 2 | |
| 3 | Section 1: Terms in this act will be defined as follows: |
| 4 | a. Tax Incentive - the incentive of a reduction in tax prices in order to encourage or discourage |
| 5 | certain behaviors by businesses or citizens. |
| 6 | Domestic Solar Power- the use of energy from the sun being converted into electricity within a |
| 7 | residential area. |
| 8 | |
| 9 | Section 2: All domestic use of solar power will result in a tax incentive that benefits users. Section |
| 10 | 3: The tax incentive for individuals who use solar power in at least 50% of their homes will receive |
| 11 | a reduction of 35 percent. |
| 12 | |
| 13 | Section 3: All conversions of solar power will get some benefits; the more conversions the more |
| 14 | benefits, and the maximum tax incentive will be 35%. |
| 15 | |
| 16 | Section 4: The cost will depend on how much solar power will be used within the home. These |
| 17 | prices can vary but the average cost per home is around $18,000 for a total conversion to solar |
| 18 | power. Since the incentives are 35 percent, the money will come from the Tennessee Department |
| 19 | of Revenue. |
| 20 | |
| 21 | Section 5: All Parts of laws in conflict with this are hereby repealed. |
| 22 | |
| 23 | Section 6: This act shall take effect on July 6th, 2025, with the public welfare encouraging it. |
| 24 |