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2018 SESSION

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SB 902 Property tax; exemption for solar energy equipment and facilities.

Introduced by: L. Louise Lucas | all patrons    ...    notes | add to my profiles | history

SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION:

Property tax exemption for solar energy equipment and facilities. Limits the property tax exemption for solar equipment and facilities owned and operated by a business, which exemption currently applies to 80 percent of the assessed value of certain projects, to those projects equaling less than 150 megawatts. The 150-megawatt cap applies only to projects for which an initial interconnection request form was filed on or after July 1, 2018.

SUMMARY AS PASSED:

Property tax exemption for solar energy equipment and facilities. Limits the property tax exemption for solar equipment and facilities owned and operated by a business, which exemption currently applies to 80 percent of the assessed value of certain projects, to those projects equaling less than 150 megawatts.

SUMMARY AS PASSED SENATE:

Property tax exemption for solar energy equipment and facilities. Amends the property tax exemption for solar equipment and facilities owned and operated by a business to apply to 80 percent of the value of certain projects less than 150 megawatts. The bill also clarifies that solar energy equipment, facilities, and devices owned by a business on contiguous parcels of land is considered one project for purposes of the exemption.

SUMMARY AS INTRODUCED:

Property tax exemption for solar energy equipment and facilities. Amends the property tax exemption for solar equipment and facilities owned and operated by a business to apply to (i) certain projects at public and private colleges, (ii) certain projects equaling five megawatts or less, and (iii) 80 percent of the value of all other projects equaling 100 megawatts or less.