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Bill > H2651


MA H2651

To modernize the renewable energy property tax exemption


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
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)

Last Action

Accompanied a new draft, see H3906 (on 09/18/2017)

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