HB 1196 Summary

• Modifies the property tax deduction for wind power devices by excluding devices that produce electricity sold in the ordinary course of a trade or business for assessment dates after 2010.

• Exempts from the exclusion devices whose primary purpose is to produce electricity for use on or in the immediate vicinity of the parcel where the device is located.

• Allows devices that produce excess electricity beyond on-site use to sell that surplus to the electrical grid while maintaining eligibility for the deduction.

• Effective January 1, 2011 with retroactive application.

• Declares an emergency for the act.