HB 1368 Tax Prop Used To Prod Renewable Energy (Buescher/Brophy)

Posted on March 24, 2008 in Colorado Legislation

Background: Clarifies and changes the placement of the sales tax exemption for components used to produce alternating current electricity from a renewable energy source. Specifies that all real and personal property used to produce a specified amount or less of alternating current electricity from a renewable energy source will be valued by the assessor in the county where the property is located in accordance with valuation procedures developed by the property tax administrator. Exempts wind energy facilities from such valuation. Establishes that the property tax administrator shall utilize the procedures adopted for determining the actual value of a renewable energy facility when developing the valuation procedures.
Most Recent Action: Sent to Governor
Position: Support