Bill
Bill > H2558
MA H2558
Relative to clarifying property tax exemptions for solar and wind systems
summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to property tax exemptions for solar and wind systems. Revenue.
AI Summary
This bill clarifies property tax exemptions for solar and wind systems in Massachusetts. It allows a tax exemption for solar or wind systems that produce up to 125% of the annual electricity needs of the real property they are located on, but requires payment in lieu of taxes for any systems that exceed that threshold. The bill also directs the Department of Revenue, in consultation with the Department of Energy Resources, to provide guidance on the valuation and assessment of taxes for larger solar and wind facilities. Existing payment in lieu of tax agreements are not required to be renegotiated under this bill, and the guidance must be issued within 9 months of the effective date of July 1, 2019.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Accompanied H2619 (on 03/04/2020)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/191/H2558 |
Bill | https://malegislature.gov/Bills/191/H2558.pdf |
Loading...