CHANGE EXCLUSION FOR SOLAR ENERGY SYSTEMS.

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View NCGA Bill Details2019-2020 Session
House Bill 541 (Public) Filed Tuesday, April 2, 2019
AN ACT TO CHANGE THE PROPERTY TAX EXCLUSION FOR SOLAR ENERGY ELECTRIC SYSTEMS AND ALLOCATE CERTAIN TAX PROCEEDS FOR PUBLIC EDUCATION PURPOSES.
Intro. by Dixon, Bell.
Status: Re-ref Com On Rules, Calendar, and Operations of the House (House action) (Apr 9 2019)

Bill History:

H 541

Bill Summaries:

  • Bill H 541 (2019-2020)
    Summary date: Apr 2 2019 - View Summary

    Amends GS 105-275(45) by changing the property tax exclusion for solar energy electric systems from 80% of their appraised value to 60%.  Directs that tax proceeds resulting from this amendment be used for public education and community college purposes enumerated in new subsection (b1) of GS 153A-149.   

    Amends GS 153A-149 by adding a new subsection (b1) requiring counties to use 50% of the tax proceeds collected under GS 105-275(45) for public education and community college: (1) construction, renovations, and repairs; (2) maintenance; and (3) associated debt service.  

    Effective July 1, 2019, and applies to taxes imposed for taxable years beginning on or after that date.

    Environment, Energy, Government, Tax, Local Government, Public Enterprises and Utilities
    GS 105, GS 153A
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