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31:1 Property Taxation; Renewable Generation Facilities; Equalization. Amend RSA 72:74, II to read as follows:
II. A renewable generation facility subject to a voluntary agreement to make a payment in lieu of taxes under this section shall be subject to the laws governing the utility property tax under RSA 83-F. Payments made pursuant to such agreement shall satisfy any tax liability relative to the renewable generation facility that otherwise exists under RSA 72. The payment in lieu of taxes shall be equalized under RSA 21-J:3, XIII in the same manner as other payments in lieu of taxes . In the absence of a payment in lieu of taxes agreement, the renewable generation facility shall be subject to taxation under RSA 72.
31:2 Effective Date. This act shall take effect July 1, 2021.
Approved: May 17, 2021
Effective Date: July 01, 2021
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31:1 Property Taxation; Renewable Generation Facilities; Equalization. Amend RSA 72:74, II to read as follows:
II. A renewable generation facility subject to a voluntary agreement to make a payment in lieu of taxes under this section shall be subject to the laws governing the utility property tax under RSA 83-F. Payments made pursuant to such agreement shall satisfy any tax liability relative to the renewable generation facility that otherwise exists under RSA 72. The payment in lieu of taxes shall be equalized under RSA 21-J:3, XIII in the same manner as other payments in lieu of taxes , but shall be excluded from the tax base used to determine the statewide education property tax in accordance withRSA 76:8, I(a) . In the absence of a payment in lieu of taxes agreement, the renewable generation facility shall be subject to taxation under RSA 72.
31:2 Effective Date. This act shall take effect July 1, 2021.
Approved: May 17, 2021
Effective Date: July 01, 2021