Establishes a hydroelectric power tax credit

This bill creates a new tax credit to help offset licensing and relicensing fees paid to state or federal agencies for hydroelectric power projects. It directly affects taxpayers subject to specific taxes, including those related to corporate income, franchise, and other business levies. Under the new rules, eligible taxpayers can claim a credit equal to fifty percent of these fees, with provisions allowing any unused portion of the credit to be carried forward to future tax years. The legislation also establishes how this credit interacts with existing minimum tax requirements across various tax articles.