Senate committee backs technical fix to clarify RETA property-tax exemption
A Senate committee recommended passage of House Bill 295 to clarify property-tax code language for Renewable Energy Transmission Authority (RETA) projects, with RETA directors testifying the change reflects longstanding practice and supports transmission investment.
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At a Senate Tax Committee meeting (date not specified), the committee heard testimony on House Bill 295, a technical bill to clarify how the property tax code applies to property owned by the Renewable Energy Transmission Authority (RETA). Proponents said the clarification aligns the tax code with long-standing practice and constitutional exemptions and is necessary to continue attracting large-scale clean-energy transmission investment.
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