summary
Introduced
01/21/2026
01/21/2026
In Committee
01/21/2026
01/21/2026
Crossed Over
Passed
Dead
Introduced Session
34th Legislature
Bill Summary
An Act relating to the taxation of electric cooperatives; relating to the taxation of electricity generation and electricity storage facilities; and providing for an effective date.
AI Summary
This bill exempts electric cooperatives from state and local ad valorem, income, and excise taxes, and also removes the "electric cooperative tax" from the list of taxes that are refunded to local governments, meaning the state will now retain those funds. Additionally, it clarifies that electricity sold at retail by an agency is no longer subject to the electric cooperative tax, and it provides tax exemptions for new electricity generation and storage facilities built after July 1, 2024, if they are operated by a public utility or joint action agency, or if they provide power to a public utility or to end users who weren't receiving service from a public utility by July 1, 2026. The bill also repeals certain existing sections related to electric cooperative taxes and sets an effective date of July 1, 2026.
Committee Categories
Business and Industry
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Rules (Senate)
Last Action
Senate Labor & Commerce Hearing (13:30:00 2/18/2026 Beltz 105 (tsbldg)) (on 02/18/2026)
Official Document
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.akleg.gov/basis/Bill/Detail/34?Root=SB218 |
| BillText | https://www.akleg.gov/PDF/34/Bills/SB0218A.PDF |
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