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ID H0534
Bill
Status
3/24/2016
Primary Sponsor
Revenue and Taxation Committee
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AI Summary
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Exempts real estate, fixtures, and personal property of wind, solar, and geothermal energy producers from property taxation, but subjects them to gross earnings taxes instead.
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Imposes a 3.5% tax on gross solar energy earnings and maintains 3% tax on wind and geothermal energy earnings, with tax collected and apportioned to counties and taxing districts.
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Allows solar energy tax revenues to reduce property tax requirements for taxing districts and excludes these revenues from budget limitations under section 63-802.
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Extends property tax lien and collection procedures to solar energy producers, requiring county treasurers to notify producers by June 15 and collect taxes by July 1 with 5% penalty and 1% monthly interest for delinquencies.
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Clarifies that irrigation district operating property is exempt from taxation only when used for irrigation purposes, with proportionate assessment required if used for commercial purposes.
Legislative Description
Repeals, amends and adds to existing law to exempt certain solar energy property from property tax; to levy a solar energy tax; to provide for its distribution; to add a limitation on a taxing district's budget requests; and to clarify which property is subject to the gross receipts tax.
ENERGY TAX
Last Action
All other sections
3/24/2016