Introduced
by
To exempt alternative energy systems, vehicles, and technology from the personal property tax (capital equipment tax).
Referred to the Committee on Finance
Substitute offered
To replace the previous version of the bill with a version recommended by the committee which reported it, but since superceded by the addition of other minor wording changes which do not affect the substance of the bill as previously described.
The substitute failed by voice vote
Substitute offered
by
To replace the previous version of the bill with one which would allow local governments and school districts to "opt out" of the exemption and still impose their portion of the tax, in which case the exemption would apply only to the six-mills levied by the state for school operating expenses.
The substitute passed by voice vote
Passed in the Senate 37 to 0 (details)
To exempt qualified business alternative energy systems, vehicles, and technology from the personal property tax (capital equipment tax), as well as all personal property possessed by an alternative energy business, or the portion of a non-alternative energy business’s property dedicated to research in the field. Local governments and school districts could "opt out" of the exemption and still impose their portion of the tax, in which case the exemption would apply only to the six-mills levied by the state for school operating expenses.
