Amends GS 105-333(12) to establish that real and personal property used directly and exclusively for the conversion of solar energy to electricity are to be treated as nonsystem property as that term is used in Article 23 of GS Chapter 105 (Public Service Companies). Applies to taxes inposed for taxable year beginning on or after the July 1, 2019, effective date.
INCLUDE SOLAR PROPERTY AS NONSYSTEM PROPERTY.
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| View NCGA Bill Details | 2019-2020 Session |
AN ACT TO INCLUDE CERTAIN SOLAR ENERGY PROPERTY AS NONSYSTEM PROPERTY.Intro. by Dixon, Bell.
Status: Re-ref Com On Rules, Calendar, and Operations of the House (House action) (Apr 9 2019)
Bill History:
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Tue, 2 Apr 2019 House: Filed
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Wed, 3 Apr 2019 House: Passed 1st Reading
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Tue, 9 Apr 2019 House: Serial Referral To Finance Stricken
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Tue, 9 Apr 2019 House: Withdrawn From Com
H 542
Bill Summaries:
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Bill H 542 (2019-2020)Summary date: Apr 2 2019 - View Summary
View: All Summaries for Bill