1.601 -Renewable Energy Source Credit

Item	Description	FY2011	FY2012	FY2013	FY2014	FY2015
1.601	Renewable Energy Source Credit Owners and tenants of residential property located within Massachusetts who are not dependents and who occupy the property as a principal residence are allowed a credit up to $1,000, or an amount equal to 15% of the cost of a renewable energy source. Unused credits may be carried forward for three years. Credit is neither transferable nor refundable. Origin: M.G.L. c. 62, S. 6(d) Estimate: $1.4	0.7	0.9	1.1	1.3	1.4

Key:

ORIGIN
IRC	Federal Internal Revenue Code (26 U.S.C.)
U.S.C	United States Code
M.G.L.	Massachusetts General Laws
Rev. Rul.; C.B.	Revenue Ruling; Cumulative Bulletin of the U.S. Treasury
ESTIMATES	All estimates are in $ millions.