CA SB1340

Extends the property tax exclusion for active solar energy systems through the 2025–26 fiscal year, delaying the repeal date from January 1, 2025 to January 1, 2027

Active solar energy systems that qualify for the exclusion before January 1, 2027 will continue to receive the exclusion after that date until there is a subsequent change in ownership

Exempts the extension from Section 41 requirements, which normally require tax expenditure extensions to include specific goals, performance indicators, and data collection requirements

Specifies that no state appropriation is made and the state shall not reimburse local agencies for property tax revenues lost due to this exclusion

Takes effect immediately as a tax levy