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House Bill 1196


House Bill 1196

ARCHIVE (2011)

Latest Information

 

DIGEST OF INTRODUCED BILL


Wind power device deduction limitation. For the property tax deduction for a wind power device for assessment dates after 2010, excludes a device that produces electricity that is sold in the ordinary course of a trade or business. Provides that the exclusion does not apply to a device the primary purpose of which is to produce electricity for use on or in the immediate vicinity of the parcel on which the device is located and from which the electricity produced that exceeds the amount required for that use is sold to the electrical grid.
Current Status:
 In Committee - first House
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