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SCS/HCS/HB 220 - This act provides that all real and tangible personal property associated with a project which uses wind energy directly to generate electricity shall not be assessed and taxed under current law relating to the property taxation of public utility companies. (Section 153.034) Beginning January 1, 2020, any public utility company that has a wind energy project shall be assessed as described in the act. Wind energy property shall be assessed upon the local tax rolls. Property consisting of land and buildings shall be assessed as provided under current law. All other business or personal property shall be assessed using the depreciation schedule provided under current law for tangible personal property. (Section 153.030) This act is similar to SB 72 (2019). JOSHUA NORBERG
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