Bill

Bill > H2558


MA H2558

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 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)

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