Assemblyman V. Manuel Perez, has introduced AB 1159.  This bill extends the Sales or Use tax credit benefit of the Enterprise Zone (and TTA and LAMBRA) program to include a credit for the purchase of equipment related to renewable energy.  The bill would be in effect from 2009-2016.  Below is the relevant text of the bill:

17053.71.

(a) For each taxable year beginning on or after January
1, 2009, and before January 1, 2016, there shall be allowed as a
credit against the “net tax,” as defined by Section 17039, an amount
equal to the sales and use tax paid or incurred during the taxable
year by the taxpayer for the taxpayer’s purchase of qualified
property.

(b) For purposes of this section, “qualified property” means any
property used in an enterprise zone, targeted tax area, or a local
military base realignment area for the production or generation of
renewable energy.

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