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2015 Regular Session
Overview
At the request of:
Chief Sponsors: Representative Huffman
Regular Sponsors: Representative Bentz, Davis, Helm, Read, Reardon, Senator Roblan
Bill Title: Relating to taxation of solar projects; and prescribing an effective date.
Catchline/Summary: Authorizes county to enter into agreement, for period not to exceed 20 years, with owner or person in possession or control of solar project pursuant to which property constituting solar project is exempt from property taxation and owner pays fee in lieu of taxes.
Requires county, upon request of owner of solar project,] Authorizes county to enter into agreement, for period not to exceed 20 years, with owner or person in possession or control of solar project pursuant to which property constituting solar project is exempt from property taxation and owner pays fee in lieu of taxes. Requires county to consult with city if solar project is located within boundaries of city and provides agreement is not effective unless governing body of city is party to agreement. Provides that fee shall equal $7,000 per megawatt of nameplate capacity of solar project. If solar project is located within incorporated city, requires city to enter into agreement.] Provides that fee shall be distributed to each taxing district in proportion to taxing district's total rate of ad valorem property taxes, excluding taxes imposed to repay bonded indebtedness. Requires disqualification from exemption and payment of penalty equal to one year of fee in lieu of property taxes if fee is delinquent for more than one year. Provides that property that has received exemption under certain economic development programs is not eligible to pay fee in lieu of property taxes. Sunsets on January 2, 2022. Takes effect on 91st day following adjournment sine die.
Chapter Number: Chapter 571
Fiscal Impact: Fiscal Impact Issued
Revenue Impact: Revenue Impact Issued
Measure Analysis: Staff Measure Summary / Impact Statements
Current Location: Chapter Number Assigned
Current Committee:
Current Subcommittee:
Subsequent Referral(s):
Measure History
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