Bill > H2483

This bill clarifies property tax exemptions for solar and wind-powered systems by amending existing law. It specifies that systems producing up to 125% of the property's annual energy needs are exempt, and other systems can be exempt if the owner makes a "payment in lieu of taxes" (a payment made to a city or town instead of property taxes) to the municipality where the system is located. The bill outlines how these payments will be agreed upon, billed, collected, and how owners can appeal them, with the exemption generally lasting for 20 years from installation. Additionally, it clarifies that for certain tax purposes, a "generation facility" will not include systems powered by the sun or wind, and it includes a provision that existing agreements for payments in lieu of taxes will not be affected by this new exemption. These changes are intended to apply to taxes assessed for fiscal years beginning on or after July 1, 2015.