Bill Summary for S 279 (2017-2018)
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Summary date:
Mar 15 2017
Bill Information:
View NCGA Bill Details | 2017-2018 Session |
AN ACT TO CHANGE THE PROPERTY TAX EXCLUSION FOR SOLAR ENERGY ELECTRIC SYSTEMS.Intro. by Britt, Sanderson.
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Bill summary
Identical to H 171, filed 2/22/17.
Amends GS 105-275(45) to exclude from property taxation 60% (was, 80%) of the appraised value of a solar electric system, as defined by the statute to mean all equipment used directly and exclusively for the conversion of solar energy to electricity. Effective July 1, 2017, and applies to taxes imposed for taxable years beginning on or after that date.