SB 1219
Modifies provisions relating to the assessment of solar energy property
Sponsor:
LR Number:
4010S.01I
Last Action:
1/25/2024 - Second Read and Referred S Commerce, Consumer Protection, Energy and the Environment Committee
Journal Page:
Title:
Effective Date:
August 28, 2024

Current Bill Summary

SB 1219 - This act provides that the definition of "tangible personal property" shall, for the purposes of property taxation, include solar panels, racking systems, inverters, and related solar equipment, components, materials, and supplies installed at commercial solar photovoltaic energy systems that were constructed and producing solar energy prior to August 9, 2022. (Section 137.010)

This act also creates a new subclass of tangible personal property that includes solar panels, racking systems, inverters, and related solar equipment, components, materials, and supplies installed at commercial solar photovoltaic energy systems that were constructed and producing solar energy prior to August 9, 2022, and provides that such subclass shall be assessed at five percent of its true value in money. (Section 137.080 and 137.115)

This act is substantially similar to provisions in HCS/HB 1836 (2024).

JOSH NORBERG

Amendments

No Amendments Found.