Bills › 88th General Assembly
Relating to the assessment of wind energy conversion property for certain assessment years and including applicability provisions
Topics:Business & economyEnergy & utilitiesCities & countiesWind & solar
Where it is now
- Done: IntroducedJanuary 29, 2020
- Stopped: SubcommitteeDied when the General Assembly ended
- Next: House committee
- Next: Passes the House
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
26 authorizes a city council or county board of supervisors to provide by ordinance for the special valuation of wind energy conversion property. The schedule of assessment for wind energy conversion property that is provided the special valuation under such an ordinance is as follows: for the first assessment year, at percent of the net acquisition cost; for the second through sixth assessment years, at a percent of the net acquisition cost which rate increases by five percentage points each assessment year; and for the seventh and succeeding assessment years, at percent of the net acquisition cost.
Read the full explanation
This bill increases the percentage of net acquisition cost at which wind energy conversion property is assessed for the seventh and succeeding assessment years from percent to percent.26 before, on, or after the effective date of the bill and is applicable to assessment years beginning on or after January 1, 2021.