CA SB364

Classifies nonresidential active solar energy systems as personal property rather than improvements to real property for property tax purposes.

Exempts nonresidential active solar energy systems constructed or installed before January 1, 2025, from taxation until a subsequent change in ownership occurs.

Systems that qualify for the exemption before January 1, 2025, continue to receive the exemption indefinitely until ownership changes, even after January 1, 2025.

Operative only if voters approve an initiative measure adding Section 2.5 to Article XIII A of the California Constitution at the November 3, 2020, statewide general election; automatically repeals January 1, 2021, if the initiative fails.

State shall not reimburse local agencies for property tax revenue losses resulting from the exemption.