House Bill 871 Summary

• Extends the deadline for renewable energy projects to begin construction and remain eligible for partial ad valorem tax exemptions from December 31, 2024 to December 31, 2027.

• Extends the authorization deadline for county boards of supervisors and municipal governing authorities to approve partial ad valorem tax exemptions for renewable energy projects from July 1, 2023 to July 1, 2026.

• Extends the deadline for entering into fee-in-lieu of ad valorem taxes agreements for renewable energy projects from July 1, 2023 to July 1, 2026, allowing projects to receive one-tenth of ad valorem tax liability instead of one-third.

• Adds entities defined in Section 77-3-3(d)(i) as eligible to enter into fee-in-lieu agreements alongside private companies, requiring minimum capital investment of $100 million in Presidential Disaster Declaration areas.

• Changes one provision effective July 1, 2025 to remove references to a qualified business program and consolidate eligible project categories.