SB 1309 - Beginning January 1, 2025, all real and tangible personal property associated with a project that uses solar energy directly to generate electricity, and that was built, or was contracted to sell power prior, to December 31, 2024, shall be considered to be de minimis in value for the purposes of assessment. The assessor shall request any documentation necessary to determine the true value in money of such property. The tax liability actually owed for solar energy property that was built, or was contracted to sell power, prior to December 31, 2024, shall not exceed $1,000 per megawatt. For projects for which the land associated with such project is reclassified due to the project, the property tax liability incurred from such land shall be included in such limit.
This act is substantially similar to SCS/SB 607 (2023) and HB 1246 (2023), and to a provision in HCS/SB 275 (2023), as amended.
JOSH NORBERG