Senator Massey proposes the following amendment (LC-556.DG0002S):

Amend the bill, as and if amended, SECTION 1, by striking Section 12-6-3830(C) and inserting:

(C) A taxpayer may use up to twenty-five percent, or five million dollars, whichever is less, of credit for a single taxable year. The tax credit is nonrefundable, but unused credits earned prior to the end of 2030 may be carried forward for fifteen years from the year in which they were earned. The credit under this section may be transferred by the taxpayer to another person who is eligible to utilize the tax credit and who will then be subject to the same requirements within this section. Regardless of whether the credit is transferred, if a regulated utility receives this credit, the regulated utility must pass on the credit to the benefit of ratepayers through the utility's next rate proceeding, or as otherwise directed by the Public Service Commission.Renumber sections to conform.Amend title to conform.