SB424 (2020) Detail

Relative to the property tax exemption for solar energy systems.


SB 424-LOCAL - AS INTRODUCED

 

 

2020 SESSION

20-2911

05/01

 

SENATE BILL 424-LOCAL

 

AN ACT relative to the property tax exemption for solar energy systems.

 

SPONSORS: Sen. Bradley, Dist 3; Sen. Watters, Dist 4; Rep. Backus, Hills. 19; Rep. Merner, Coos 7

 

COMMITTEE: Election Law and Municipal Affairs

 

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ANALYSIS

 

This bill establishes a property tax exemption for leased solar energy systems located on residential property.

 

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

20-2911

05/01

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty

 

AN ACT relative to the property tax exemption for solar energy systems.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

1  New Paragraph; Persons and Property Liable to Taxation; Exemptions; Leased Solar Energy Systems.  Amend RSA 72:23 by inserting after paragraph VII the following new paragraph:

VIII.(a)  A solar energy system leased to the owner of residential real estate for the purpose of heating or otherwise supplying the energy needs of the residential property.  To be eligible for the exemption, the system shall be installed on the residential property for which the energy is provided.  The exemption from taxation shall apply only to the solar energy system and shall not otherwise affect the assessed value of the residential property.  The exemption shall not extend to the land or any other real or personal property.

(b)  In this paragraph, "solar energy system" means a system which utilizes solar energy to heat or cool the interior of a building or to heat water for use in a building and which includes one or more collectors and a storage container.  "Solar energy system" also means a system which provides electricity for a building by the use of photovoltaic panels.

(c)  The exemption under this section shall be in addition to any exemption adopted by a municipality pursuant to RSA 72:62.

2  Effective Date.  This act shall take effect April 1, 2021.

Links

SB424 at GenCourtMobile
SB424 Discussion

Action Dates

Date Body Type
March 11, 2020 Senate Hearing

Bill Text Revisions

SB424 Revision: 7639 Date: Dec. 19, 2019, 9:57 a.m.

Docket


June 16, 2020: No Pending Motion; 06/16/2020 SJ 8


June 16, 2020: Vacated from Committee and Laid on Table, MA, VV; 06/16/2020 SJ 8


March 11, 2020: Hearing: 03/11/2020, Room 102, LOB, 09:45 am; SC 8


Jan. 8, 2020: To Be Introduced 01/08/2020 and Referred to Election Law and Municipal Affairs; SJ 1