summary
Introduced
01/18/2022
01/18/2022
In Committee
Crossed Over
Passed
Dead
02/17/2022
02/17/2022
Introduced Session
2022 Regular Session
Bill Summary
AN ACT RELATING TO ENERGY STORAGE FACILITIES; AMENDING THE INDUSTRIAL REVENUE BOND ACT AND THE COUNTY INDUSTRIAL REVENUE BOND ACT TO INCLUDE CERTAIN ELECTRIC ENERGY STORAGE FACILITIES AS ELIGIBLE PROJECTS; PROVIDING A GROSS RECEIPTS TAX DEDUCTION FOR SALES OF ENERGY STORAGE EQUIPMENT TO A GOVERNMENT FOR THE PURPOSE OF INSTALLING A RENEWABLE ENERGY STORAGE FACILITY.
AI Summary
This bill amends the Industrial Revenue Bond Act and the County Industrial Revenue Bond Act to include certain electric energy storage facilities as eligible projects for industrial revenue bonds. It also provides a gross receipts tax deduction for sales of energy storage equipment to a government for the purpose of installing a renewable energy storage facility.
Committee Categories
Agriculture and Natural Resources
Sponsors (5)
Last Action
House Energy, Environment and Natural Resources Committee (08:30 1/25/2022 Room 317) (on 01/25/2022)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=14&year=22 |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/bills/house/HB0014.pdf |
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