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Bill would replace renewable property tax exemptions with new excise tax, create local grant account
Summary
Staff told the committee HB 1960 would repeal earlier exemptions, create a new state renewable energy excise tax and allow counties to levy a local excise tax; revenue would fund a local investment distribution grant program and tribal climate capacity grants, while exempting certain projects and phasing opt‑in rules.
Senate staff briefed House Bill 1960 as a comprehensive rewrite of prior renewable energy property tax exemptions and production excise arrangements. Olia Kennedy outlined that the bill would repeal the existing personal property tax exemption and production excise tax and substitute a state renewable energy excise tax and a coordinated local excise option beginning in 2028…
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