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SB 379 - Beginning January 1, 2022, this act provides a depreciation table for the purposes of assessing all real and tangible personal property associated with a project that uses wind energy directly to generate electricity. Such depreciation percentages range from 40% in the first year following construction of the property to 35% in the fifth year following construction of the property and each year thereafter. This act is identical to HB 2454 (2020) and to provisions contained in HCS/SCS/SB 616 (2020), and is substantially similar to HCS/HB 845 (2021) and to provisions contained in SCS/HB 488 (2021), CCS/SS/SCS/HCS/HB 734 (2021), and HCS/HB 835 (2021). JOSH NORBERG
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