Adds to existing law to establish an excise tax on commercial wind turbines.
TAXATION -- Adds to existing law to establish an excise tax on commercial wind turbines.
STATEMENT OF PURPOSE
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This legislation proposes an excise tax on any new commercial windmills. A preference election will be held at the county level to approve or disapprove of a proposed windmill project. If the tax is enacted, the proceeds will go to property tax relief for the county the project is located in as well as for property tax relief via the school district facilities fund.
FISCAL NOTE
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This legislation causes no additional expenditure of funds at the state level of government, nor does it cause an increase or decrease in revenue for state government. Since implementing the tax is dependent on a local election, plus the total tax is dependent on the size and amount of windmills in a project, and any proceeds go to property tax relief, there could be no fiscal impact to a local government budget.
LATEST ACTION
Reported Printed and Referred to Revenue & Taxation
BILL INFO
- Session
- 2025
- Chamber
- house
- Status date
- Feb 24, 2025
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