Exempts from property taxes personal property used by a business to generate or store energy for consumption by the business on its premises.

Energy Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Representative Gomberg, Representative Osborne
Last action: 2025-06-27
Official status: In House Committee
Effective date: Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2025-06-27 House
In committee upon adjournment.
2025-04-29 House
Public Hearing held.
2025-03-28 House
Without recommendation as to passage and be referred to Revenue by prior reference.
2025-03-28 House
Referred to Revenue by prior reference.
2025-03-25 House
Work Session held.
2025-03-20 House
Public Hearing held.
2025-03-04 House
Referred to Climate, Energy, and Environment with subsequent referral to Revenue.
2025-02-27 House
First reading. Referred to Speaker's desk.

Official Summary Text

Digest: The Act would give a property tax break to a business that generated or stored energy for its own use. The Act would exclude utilities from the tax break. The Act would give a property tax break for property installed at a residence to generate or store energy for use there. (Flesch Readability Score: 65.1).
Exempts from property taxes personal property used by a business to generate or store energy for consumption by the business on its premises. Provides that the exemption does not apply to the personal property of utility businesses. Exempts from property taxes property installed at a residence to generate or store energy for consumption at the residence.
Takes effect on the 91st day following adjournment sine die.
Relating to: Relating to property taxes; prescribing an effective date.
Current location: In House Committee