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AZ HB2918
Bill
Status
Engrossed
3/4/2026
Primary Sponsor
David Marshall
Click for details
AI Summary
- Amends Arizona's valuation method for renewable energy and storage equipment based on ownership and service date
- Equipment owned by or under exclusive power purchase agreement with public service corporations/public power entities placed in service before January 1, 2027 is valued at 20% of depreciated cost
- Equipment owned by or under exclusive agreement with utilities placed in service after December 31, 2026 is valued at 100% of depreciated cost
- Renewable energy equipment not owned by or under exclusive agreement with public utilities is valued at 100% of depreciated cost regardless of service date
- Depreciation for all renewable energy equipment cannot exceed 90% of adjusted original cost, with provisions applying through December 31, 2040
Legislative Description
Renewable energy equipment; valuation; depreciation
Taxation - Title 42
Last Action
Senate read second time
3/10/2026
Committee Referrals
Rules3/9/2026
Finance3/4/2026
Rules1/28/2026
Natural Resources, Energy & Water1/28/2026
Full Bill Text
No bill text available