(2)__Meeting standards established by the department.

2.__Tax credit; transferability.__A business that uses a pollution-reducing boiler or furnace system on the site of its business, certified by the department, is entitled to a credit against taxes due under this Part.__The amount of the tax credit is equal to 1.5__per kilowatt-hour or its equivalent in heat energy produced by the pollution-reducing boiler or furnace system, but in no case may the credit exceed the amount of tax owed pursuant to this Part.__The department shall annually certify the number of kilowatt-hours or its equivalent in heat energy produced by a certified pollution-reducing boiler or furnace system.__Tax credits earned pursuant to this section may be carried over from one tax year to the next.

3.__Other boiler or furnace system.__A business that modifies a boiler or furnace system placed into operation prior to January 1, 2006 may qualify for the tax credit pursuant to subsection 2 if the existing boiler or furnace system is certified by the department as used in conjunction with technology that:

A.__Eliminates the amount of emissions of oxides of nitrogen that would have resulted from using air for combustion; and

B.__Meets standards established by the department.

The amount of the tax credit is limited to the kilowatt-hours or equivalent in heat energy produced certified by the department as attributable to the technology used in the boiler or furnace system.

4.__Repeal.__This section is repealed December 31, 2009.

Sec. TTT-3. Application. That section of this Act that enacts the Maine Revised Statutes, Title 36, section 5219-Z applies to income tax years beginning on or after January 1, 2006 but before January 1, 2010.

Sec. TTT-4. Appropriations and allocations. The following appropriations and allocations are made.

ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF

Maine Revenue Services 0002