63-3022C. DEDUCTION FOR ALTERNATIVE ENERGY DEVICE AT RESIDENCE. (1) An individual taxpayer who installs an alternative energy device to serve a place of residence of the individual taxpayer in the state of Idaho may deduct from taxable income the following amounts actually paid or accrued by the individual taxpayer: forty percent (40%) of the amount that is properly attributable to the construction, reconstruction, remodeling, installation or acquisition of the alternative energy device in the year when such device is completed or acquired and is placed in service by the taxpayer; and twenty percent (20%) per year thereafter for a period of three (3) succeeding years; provided, however, that said deduction shall not exceed five thousand dollars ($5,000) in any one (1) taxable year.
(2) An individual taxpayer who purchases a residence in the state of Idaho served by an alternative energy device for which none or less than all of the total deduction allowable under this section has been taken, may take the deduction specified in this section, or the unused balance of the deduction.
(3) As used in this section, "alternative energy device" means any system or mechanism or series of mechanisms using solar radiation, wind or geothermal resource as defined in section 42-4002, Idaho Code, primarily to provide heating, to provide cooling, to produce electrical power, or any combination thereof. Alternative energy device includes a fluid to air heat pump operating on a fluid reservoir heated by solar radiation or geothermal resource. Alternative energy device shall also include either a natural gas heating unit, or a propane heating unit, or a wood burning stove which meets the most current environmental protection agency certification, or a pellet stove which meets the most current industry and state standards, and which natural gas heating unit, or propane heating unit, or wood burning stove which meets the most current environmental protection agency certification, or pellet stove which meets the most current industry and state standards is used to replace during the same tax year a wood burning stove designed for residential heating and that does not meet environmental protection agency requirements for certification, provided the wood burning stove is surrendered to the department of environmental quality or its agent for destruction in accordance with applicable federal and state rules.
History:
[63-3022C, added 1976, ch. 212, sec. 3, p. 774; am. 1994, ch. 355, sec. 1, p. 1114; am. 1995, ch. 91, sec. 1, p. 262; am. 1995, ch. 111, sec. 11, p. 356; am. 2001, ch. 103, sec. 97, p. 337; am. 2001, ch. 270, sec. 2, p. 979.]
Structure Idaho Code
Title 63 - REVENUE AND TAXATION
Section 63-3002 - DECLARATION OF INTENT.
Section 63-3003 - DEFINITIONS.
Section 63-3004 - INTERNAL REVENUE CODE.
Section 63-3006 - CORPORATION.
Section 63-3006A - LIMITED LIABILITY COMPANY — CLASSIFICATION AND TAXATION.
Section 63-3006B - PARTNERSHIP.
Section 63-3006C - PASS-THROUGH ENTITY.
Section 63-3010 - TAXABLE YEAR.
Section 63-3011 - GROSS INCOME.
Section 63-3011A - ADJUSTED GROSS INCOME.
Section 63-3011B - TAXABLE INCOME.
Section 63-3011C - IDAHO TAXABLE INCOME.
Section 63-3012 - INCLUDES AND INCLUDING.
Section 63-3013A - PART-YEAR RESIDENT.
Section 63-3014 - NONRESIDENT.
Section 63-3015 - ESTATES AND TRUSTS.
Section 63-3016 - PAID OR INCURRED AND PAID OR ACCRUED.
Section 63-3021 - NET OPERATING LOSS.
Section 63-3022 - ADJUSTMENTS TO TAXABLE INCOME.
Section 63-3022A - DEDUCTION OF CERTAIN RETIREMENT BENEFITS.
Section 63-3022B - DEDUCTION FOR ENERGY EFFICIENCY UPGRADES.
Section 63-3022C - DEDUCTION FOR ALTERNATIVE ENERGY DEVICE AT RESIDENCE.
Section 63-3022D - DEDUCTION OF EXPENSES FOR HOUSEHOLD AND DEPENDENT CARE SERVICES.
Section 63-3022G - MONEYS PAID TO JAPANESE-AMERICANS FOR REPARATIONS FOR WORLD WAR II DISPLACEMENT.
Section 63-3022H - DEDUCTION OF CAPITAL GAINS.
Section 63-3022I - ADOPTION EXPENSES.
Section 63-3022J - DEDUCTION OF VALUE FOR TECHNOLOGICAL EQUIPMENT.
Section 63-3022K - MEDICAL SAVINGS ACCOUNT.
Section 63-3022M - EXPENSES AND INTEREST RELATING TO TAX EXEMPT INCOME.
Section 63-3022N - MARRIAGE PENALTY ADJUSTMENT.
Section 63-3022P - HEALTH INSURANCE COSTS.
Section 63-3022Q - LONG-TERM CARE INSURANCE.
Section 63-3022R - CERTAIN LOSS RECOVERIES.
Section 63-3022S - INCOME EARNED ON AN INDIAN RESERVATION.
Section 63-3022U - DEDUCTION FOR CERTAIN CHARITABLE CONTRIBUTIONS.
Section 63-3022V - DEDUCTION FOR FIRST-TIME HOME BUYERS.
Section 63-3023 - TRANSACTING BUSINESS.
Section 63-3024 - INDIVIDUALS’ TAX AND TAX ON ESTATES AND TRUSTS.
Section 63-3024A - FOOD TAX CREDITS AND REFUNDS.
Section 63-3024B - IDAHO TAX REBATE FUND.
Section 63-3025 - TAX ON CORPORATE INCOME.
Section 63-3025A - FRANCHISE TAX.
Section 63-3025B - ORGANIZATIONS EXEMPT FROM THE TAX IMPOSED BY THIS CHAPTER.
Section 63-3025C - CORPORATIONS EXEMPT FROM MINIMUM TAX.
Section 63-3026 - COMPUTING IDAHO TAXABLE INCOME OF RESIDENT INDIVIDUALS, TRUSTS AND ESTATES.
Section 63-3026B - AFFECTED BUSINESS ENTITIES — STATE AND LOCAL TAXATION TREATMENT.
Section 63-3027 - COMPUTING IDAHO TAXABLE INCOME OF MULTISTATE OR UNITARY CORPORATIONS.
Section 63-3027B - WATER’S-EDGE ELECTION.
Section 63-3027C - ELECTION IS BINDING — TREATMENT OF DIVIDENDS.
Section 63-3027D - PRESUMPTIONS AND BURDENS OF PROOF.
Section 63-3027E - OPERATIVE DATES.
Section 63-3029 - CREDIT FOR INCOME TAXES PAID ANOTHER STATE.
Section 63-3029A - INCOME TAX CREDIT FOR CHARITABLE CONTRIBUTIONS — LIMITATION.
Section 63-3029B - INCOME TAX CREDIT FOR CAPITAL INVESTMENT.
Section 63-3029C - INCOME TAX CREDIT FOR CERTAIN CHARITABLE CONTRIBUTIONS — LIMITATION.
Section 63-3029F - CLAIM OF RIGHT INCOME REPAYMENT ADJUSTMENTS.
Section 63-3029G - CREDITS FOR RESEARCH ACTIVITIES CONDUCTED IN THIS STATE — CARRYFORWARD.
Section 63-3029I - INCOME TAX CREDIT FOR INVESTMENT IN BROADBAND EQUIPMENT.
Section 63-3029K - TAX CREDIT FOR LIVE ORGAN DONATION EXPENSES.
Section 63-3029L - CHILD TAX CREDIT.
Section 63-3029P - PRIORITY OF CREDITS.
Section 63-3030 - PERSONS REQUIRED TO MAKE RETURNS OF INCOME.
Section 63-3030A - MANDATE TO COMPEL RETURN.
Section 63-3031 - JOINT RETURNS.
Section 63-3032 - TIME FOR FILING INCOME TAX RETURNS.
Section 63-3033 - EXTENSION OF TIME.
Section 63-3034 - PAYMENT OF TAX.
Section 63-3035A - STATE INCOME TAX WITHHOLDING TAX ON LOTTERY WINNINGS.
Section 63-3035B - JOINT POWER AUTHORIZATION.
Section 63-3035C - REVOCATION AND SUSPENSION OF WITHHOLDING ACCOUNTS — PENALTIES.
Section 63-3036 - STATE WITHHOLDING TAX FOR FARMERS.
Section 63-3036A - PAYMENT OF ESTIMATED TAX.
Section 63-3036B - PASS-THROUGH ENTITIES — BACKUP WITHHOLDING.
Section 63-3037 - INFORMATION RETURNS.
Section 63-3038 - ADMINISTRATION.
Section 63-3039 - RULES AND REGULATIONS — PUBLICATION OF STATISTICS AND LAW.
Section 63-3040 - EXAMINATION OF RETURN AND DETERMINATION OF TAX.
Section 63-3041 - OVERPAYMENTS.
Section 63-3042 - EXAMINATION OF BOOKS AND WITNESSES.
Section 63-3042A - EVIDENCE OF EXPENDITURES.
Section 63-3044 - DEFICIENCY IN TAX.
Section 63-3045 - NOTICE OF REDETERMINATION OR DEFICIENCY — INTEREST.
Section 63-3045A - ASSESSMENT OF TAX.
Section 63-3045B - FINAL DECISIONS OF THE COMMISSION.
Section 63-3046 - PENALTIES AND ADDITIONS TO THE TAX IN CASE OF DEFICIENCY.
Section 63-3046A - INTEREST ON UNDERPAYMENT OF ESTIMATED TAX.
Section 63-3046B - FAILURE TO FILE PARTNERSHIP RETURN.
Section 63-3047 - COMPROMISED CASES.
Section 63-3048 - ADJUSTED OR COMPROMISED CASES — SETTLEMENT AND CLOSING AGREEMENTS.
Section 63-3049 - JUDICIAL REVIEW.
Section 63-3050 - ACTION TO COLLECT UNPAID TAX OR DEFICIENCY.
Section 63-3050A - RELIEF FROM JOINT AND SEVERAL LIABILITY ON JOINT RETURN.
Section 63-3051 - PROPERTY SUBJECT TO LIEN.
Section 63-3055 - RELEASE OR SUBORDINATION OF INCOME TAX LIEN.
Section 63-3056 - ACTION TO ENFORCE LIEN.
Section 63-3057 - DISTRAINT ON PERSONAL PROPERTY.
Section 63-3058 - EXEMPT PROPERTY.
Section 63-3059 - LEVY OR DISTRAINT WARRANT.
Section 63-3060 - PROCEEDINGS ON LEVY OR DISTRAINT.
Section 63-3060A - CONTINUOUS EXECUTION ON INDIVIDUAL EARNINGS.
Section 63-3061 - SUCCESSIVE SEIZURES.
Section 63-3061A - NOTICE OF LEVY AND DISTRAINT.
Section 63-3062 - PRODUCTION OF BOOKS.
Section 63-3063 - COLLECTION BY DISTRAINT NOT EXCLUSIVE.
Section 63-3064 - OTHER REMEDIES PRESERVED.
Section 63-3065 - JEOPARDY ASSESSMENTS.
Section 63-3065A - JURISDICTION OVER NONRESIDENTS.
Section 63-3066 - LEGAL ADVISER.
Section 63-3067 - REVENUE RECEIVED — STATE REFUND ACCOUNT.
Section 63-3067A - INCOME TAX REFUND OR PAYMENT DESIGNATION BY INDIVIDUALS TO TRUST ACCOUNTS.
Section 63-3067B - SUNSETTING DESIGNATIONS.
Section 63-3067D - DESIGNATION BY TAXPAYER — OPPORTUNITY SCHOLARSHIP.
Section 63-3068 - PERIOD OF LIMITATIONS FOR ISSUING A NOTICE OF DEFICIENCY AND COLLECTION OF TAX.
Section 63-3069 - NOTICE OF ADJUSTMENT OF FEDERAL OR STATE TAX LIABILITY.
Section 63-3069A - SPECIAL STATUTE OF LIMITATIONS.
Section 63-3071 - DESTRUCTION OF OLD RETURNS.
Section 63-3072 - CREDITS AND REFUNDS.
Section 63-3073 - INTEREST ON REFUNDS AND CREDITS.
Section 63-3074 - ACTIONS AGAINST STATE OF IDAHO.
Section 63-3076 - PENALTY FOR DIVULGING INFORMATION.
Section 63-3077 - INFORMATION FURNISHED TO CERTAIN OFFICIALS.
Section 63-3077B - AGREEMENTS FOR EXCHANGE OF INFORMATION WITH INDUSTRIAL COMMISSION.
Section 63-3077C - AGREEMENT FOR EXCHANGE OF INFORMATION WITH DEPARTMENT OF FISH AND GAME.
Section 63-3077D - AGREEMENT FOR COLLECTION OF TAX.
Section 63-3077E - AGREEMENTS FOR EXCHANGE OF INFORMATION WITH THE STATE TREASURER.
Section 63-3077F - INFORMATION FURNISHED TO CERTAIN INDIVIDUALS.
Section 63-3077G - AGREEMENT FOR EXCHANGE OF INFORMATION WITH THE IDAHO DEPARTMENT OF CORRECTION.
Section 63-3078 - FAILURE TO COLLECT AND PAY OVER TAX, OR ATTEMPT TO EVADE OF [OR] DEFEAT TAX.
Section 63-3079 - FRANCHISE TAX NOT REPEALED.
Section 63-3080 - NOT A PROPERTY TAX.
Section 63-3082 - ADDITIONAL TAX REQUIRED WHEN FILING INCOME TAX RETURN.
Section 63-3083 - “PERSON” DEFINED.
Section 63-3084 - TAX ADDITIONAL TO OTHER INCOME TAXES.
Section 63-3085 - DATE TAX DUE AND PAYABLE.