Committee Weighs Proposal to Replace Property Tax on Large Renewables With New Excise Tax
House Bill 1960 would exempt personal property used exclusively for qualified renewable energy facilities from property tax beginning 2028 and create state and local renewable excise taxes with specified per-megawatt rates and a local investment distribution program to support counties and tribal capacity grants.
The full story
Lawmakers and stakeholders spent the Jan. 23 House Finance hearing debating House Bill 1960, a multi-part substitute that would remove certain renewable energy equipment from property-tax levy growth calculations and replace that revenue with a state renewable excise tax and optional local rates.
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