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Bill > H2403


MA H2403

MA H2403
Relative to clarifying property tax exemptions for solar and wind systems


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to clarifying property tax exemptions for solar and wind systems. Revenue.

AI Summary

This bill clarifies property tax exemptions for solar and wind power systems in Massachusetts. It amends the state's general laws to provide a full property tax exemption for solar or wind power systems that produce up to 125% of the annual energy needs of the real property where they are located. For systems that exceed this threshold, the bill allows the city or town where the system is located to enter into a payment in lieu of taxes agreement with the system's owner. The bill also specifies that these property tax exemptions do not apply to certain projects developed under state energy laws or systems that have already signed payment in lieu of taxes agreements. The changes made by this bill will apply to property tax assessments starting in the 2018 fiscal year.

Committee Categories

Budget and Finance

Sponsors (9)

Last Action

Accompanied H2619 (on 03/04/2020)

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