Bill > HB07265

This bill establishes a working group to examine the implementation of a uniform energy storage capacity tax in Connecticut. The working group will include key legislative leaders from finance and energy committees, the Commissioners of Energy and Environmental Protection and Revenue Services, a representative from the Connecticut Green Bank, and other relevant individuals or businesses as deemed necessary. The group's primary objective is to study and recommend a methodology for calculating this tax, including a proposed tax rate. The cochairpersons (from the finance committee) must schedule the first meeting within 60 days of the bill's effective date, and the group will be supported by administrative staff from the finance committee. By January 1, 2026, the working group is required to submit a comprehensive report with its findings and recommendations to the Connecticut General Assembly. The working group will automatically terminate after submitting its report or on January 1, 2026, whichever occurs later. This initiative aims to explore the potential implementation of a tax specifically targeted at energy storage capacity, which could have implications for renewable energy development and taxation in the state.

Budget and Finance

Finance, Revenue and Bonding Committee (J)

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB07265&which_year=2025