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2020 SESSION
HB 1327 Property taxes; generating equipment of electric suppliers utilizing wind turbines.
Introduced by: Terry L. Austin | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Property taxes; generating equipment of electric suppliers utilizing wind turbines. Provides that the rate for a locality that imposes property taxes on generating equipment of electric suppliers utilizing wind turbines that have filed a certain form with an electric utility or regional transmission organization by July 1, 2020, shall not exceed the locality's real estate tax rate by more than $0.20 per $100 of assessed value. For all other projects, and under current law, the tax may exceed the real estate rate but cannot exceed the general personal property tax rate in the locality.
SUMMARY AS INTRODUCED:
Property taxes; generating equipment of electric suppliers utilizing wind turbines. Allows localities to impose property taxes on generating equipment of electric suppliers utilizing wind turbines at a rate that exceeds the locality's real estate tax rate by up to $0.20 per $100 of assessed value. Under current law, the tax may exceed the real estate rate but cannot exceed the general personal property tax rate in the locality.