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Bill > H2650
MA H2650
MA H2650Clarifying uncertainties in the clean energy market and in the local taxation of clean energy producing property
summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Relative to taxation of certain solar or wind powered energy systems. Revenue.
AI Summary
This bill aims to clarify the taxation of solar or wind powered energy systems in Massachusetts. It provides that such systems shall be considered personal property and valued at 75% of their actual cost, with a 5% reduction in value for each year up to 15 years, after which they will be valued at $0. Additionally, the bill specifies that these energy systems shall not be considered fixtures of the real property upon which they reside and shall not be included in the value of the real property. The purpose is to provide tax incentives and certainty for the deployment of clean energy technologies in the state.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Accompanied a study order, see H4244 (on 02/22/2018)
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://malegislature.gov/Bills/190/H2650 |
| Bill | https://malegislature.gov/Bills/190/H2650.pdf |
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