Income taxes: credits: energy efficient homes.

The Personal Income Tax Law authorizes various credits against the taxes imposed by that law. This bill would, for taxable years beginning on or after January 1, 2010, and before January 1, 2014, allow a credit in a specified amount for bringing a qualified principal residence, as defined, into compliance with the recommendations for energy efficiency made by an energy audit, that complies with the regulations in Phase II of the California Home Energy Rating System Program, of the qualified principal residence. This bill would make legislative findings and declarations as to the necessity of a special statute. This bill would take effect immediately as a tax levy.