Colorado DOR Releases Form DR 1307, Residential Energy Storage System Credit With General Instructions

The Colorado Department of Revenue April 25 released Form DR 1307, Residential Energy Storage Systems Credit Eligibility Certification and Assignment Election, with instructions, for corporate income, individual income, and trust income tax purposes. The instructions include: 1) that the form must be filed with the building owner’s state income tax return unless the credit is assigned; 2) that the credit is allowed to the building owner regardless of whether the building owner purchases the energy storage system from a contractor who installs it or purchases it from a manufacturer or distributor; 3) information on system requirements, to qualify for the ...