Bill No.: HB0215 Drafter: JDA
LSO No.: 09LSO-0548 Effective Date:
Enrolled Act No.: HEA0070
Chapter No.: 117
Prime Sponsor: Representative Anderson, R.
Catch Title: Tax exemption for renewable resources.
Subject: Tax exemption for renewable resources.
ˇ This bill amends the existing tax exemption for equipment used to generate electricity from renewable resources by specifying that the exemption only applies to certain projects if:
o The developer is the landowner or has a specific agreement with the landowner. This provision is repealed effective December 31, 2011; or
o The projects has a net rating of not more than twenty-five kilowatts or is entirely for off-grid use. This provision is repealed effective June 30, 2012.
ˇ The tax exemption, as amended by this bill, is applicable on and after January 1, 2010 and the exemption will be fully repealed effective June 30, 2012.