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Senate bill would reclassify electric generators as manufacturers for property-tax purposes; industry and assessors debate reporting
Summary
Senate Bill 277 would move nonutility electric generators out of the utility property tax regime and subject them to the state's business/industry assessment (SWEP), sponsor Senator Tim Lang told the committee.
Senator Tim Lang, sponsor of Senate Bill 277, told the Senate Ways and Means Committee the bill aims to align property taxation with the current structure of the electric generation industry.
"We're gonna move them from being a regulated utility which they no longer are into being a manufacturer and have them subject to the SWAP," Lang said, describing the change as a parity measure so generators are taxed like other commercial manufacturing facilities.
The bill follows a multi-year study commission and drew…
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