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NC H541

Bill

Official Source

Status

Introduced

4/2/2019

Primary Sponsor

James Dixon

Click for details

Origin

House of Representatives

2019-2020 Session

AI Summary

  • Reduces the property tax exclusion for solar energy electric systems from 80% to 60% of appraised value, increasing the taxable portion of solar installations.

  • Requires counties to allocate 50% of tax proceeds collected from solar energy systems to public education and community college purposes, including construction, renovations, repairs, maintenance, and associated debt service.

  • Applies to taxes imposed for taxable years beginning on or after July 1, 2019.

Legislative Description

Change Exclusion for Solar Energy Systems

Last Action

Re-ref Com On Rules, Calendar, and Operations of the House

4/9/2019

Committee Referrals

Rules, Calendar, and Operations of the House4/9/2019
Energy and Public Utilities4/3/2019

Full Bill Text

No bill text available