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1998 SESSION

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SB 311 Tax exemption for certified solar energy and recycling property.

Introduced by: Richard J. Holland | all patrons    ...    notes | add to my profiles

SUMMARY:

Tax exemption for certified solar energy and recycling property. Allows taxpayers to deduct the amount of the tax exemption for certified solar energy equipment and certified recycling equipment, facilities, or devices from the machinery and tools tax due on such property. Currently, the amount of the tax exemption must be deducted from the real property tax due on the real estate to which the equipment, facilities, or devices are attached. Local governments are authorized to exempt or partially exempt such property from property tax.


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