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CT SB00897

CT SB00897
An Act Concerning The Property Tax Exemption For Certain Solar Projects And The Tax Calculation Of Solar Projects On One Parcel Of Land.


summary

Introduced
01/22/2025
In Committee
01/22/2025
Crossed Over
Passed
Dead
06/04/2025

Introduced Session

2025 General Assembly

Bill Summary

To remove the exemption from personal property tax for any solar photovoltaic system project with a capacity between one-half megawatt and seven megawatts and to consider solar projects on one parcel of land to be one solar project for tax calculation purposes.

AI Summary

This bill proposes two key changes to the taxation of solar photovoltaic (solar PV) systems in Connecticut. First, it would eliminate the current personal property tax exemption for solar projects with a capacity ranging from 0.5 to 7 megawatts, meaning these solar installations would now be subject to personal property taxation. Second, the bill would require that multiple solar projects located on the same parcel of land be considered and taxed as a single solar project, rather than as separate installations. This change could potentially impact how solar developers plan and structure solar projects, as the tax calculation method would now treat contiguous solar installations as one consolidated project. The bill aims to modify existing tax policies related to solar energy infrastructure, potentially increasing local tax revenues while providing more standardized tax assessment guidelines for solar photovoltaic systems.

Committee Categories

Budget and Finance, Transportation and Infrastructure

Sponsors (2)

Last Action

Change of Reference, House to Committee on Finance, Revenue and Bonding (on 02/14/2025)

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