Bill > HB5869

This bill amends the Solar Energy Facilities Taxation Act to provide an exemption from the specific tax levied on qualified solar energy facilities when they are located in a HOPE zone, which stands for Helping Opportunity Prosper Everywhere zone, similar to existing exemptions for renaissance zones. This exemption applies to the extent and duration provided under the HOPE zone act, with the exception of any portion of the tax attributable to a special assessment or certain taxes related to property tax exemptions. The bill also clarifies that the disbursement of specific tax payments to local governments and the state is to be made using tax rates from July 27, 2023, rather than the effective date of the act, and it ties its effectiveness to the enactment of other related bills.