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 the renewable energy property tax exemption. Revenue.
AI Summary
This bill aims to modernize the renewable energy property tax exemption in Massachusetts. The key provisions are:
1. It exempts any solar-powered water heating system from property taxes.
2. It provides a property tax exemption for solar or wind-powered systems with an electricity generating capacity of up to 60 kilowatts. For systems with a capacity greater than 60 kilowatts, the exemption is 85% of the system's appraised value, and the owner can negotiate a payment in lieu of taxes with the municipality.
3. The property tax exemption is limited to 20 years from the date of installation.
4. The Department of Revenue's Division of Local Services will study the impact of these changes on municipal revenues and report its findings to the state legislature within 4 years of the bill's effective date.
Committee Categories
Budget and Finance
Sponsors (5)
Edward Coppinger (D),
Marjorie Decker (D),
Solomon Goldstein-Rose (I),
Paul Heroux (D),
Frank Smizik (D),
Last Action
Accompanied a new draft, see H3906 (on 09/18/2017)
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/H2651 |
Bill | https://malegislature.gov/Bills/190/H2651.pdf |
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