SB 357 – Classifies hydroelectric power generating equipment as tangible personal property for property tax purpose

• Sponsor: Munzlinger
• LR Number: 1779S.01I
• Committee: Commerce, Consumer Protection, Energy and the Environment
• Last Action: 4/12/2011 - SCS Voted Do Pass S Commerce, Consumer Protection, Energy and the Environment Committee - (1779S.03C)
• Effective Date: August 28, 2011

Current Bill Summary

SCS/SB 357 - This act classifies hydroelectric power generating equipment as utility, industrial, commercial, railroad and other real property and modifies the enhanced enterprise zone program definition of the term "blighted area" to include areas that are an unutilized or underutilized source for renewable energy generation.

JASON ZAMKUS