SB 379
Modifies provisions relating to the taxation of property associated with the production of energy
Sponsor:
LR Number:
0841S.01I
Last Action:
3/31/2021 - Hearing Conducted S Commerce, Consumer Protection, Energy and the Environment Committee
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2021

Current Bill Summary

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).

JOSH NORBERG

Amendments

No Amendments Found.