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HI HB927
Bill
Status
1/28/2015
Primary Sponsor
Joseph Souki
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AI Summary
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Exempts amounts collected by electric utilities for on-bill repayment obligations from state and county taxes, including general excise tax, public service company tax, public utility fee, and public utility franchise tax
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Protects electric utilities acting as billing and collection agents from regulation under laws governing financial institutions, escrow depositories, or collection agencies
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Clarifies that electric utilities are not responsible for lending, underwriting, or credit determinations when serving as agents for on-bill programs
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Defines "on-bill obligation" as costs for purchasing and installing renewable energy, energy efficiency, or energy conservation systems approved by the Public Utilities Commission
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Defines "on-bill program" as any commission-approved program allowing customers to pay for renewable energy, energy efficiency, or energy conservation systems through their electric utility bill
Legislative Description
On-bill Financing; On-bill Repayment; Public Utilities Commission; Electric Utilities; Billing and Collections; Tax Exemption
Last Action
Report adopted. referred to the committee(s) on FIN as amended in HD 1 with none voting aye with reservations; none voting no (0) and Ito excused (1).
2/20/2015