Bill Text: IN SB0481 | 2011 | Regular Session | Engrossed
Bill Title: Wind power device exemption.
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: (Passed) 2011-05-18 - Effective retroactive to 01/01/2010 [SB0481 Detail]
Download: Indiana-2011-SB0481-Engrossed.html
Citations Affected: IC 6-1.1.
Synopsis: Wind power device exemption. Specifies that a wind power
device does not qualify for the assessed value deduction if it is owned
or operated by: (1) a public utility; or (2) another entity that provides
electricity at wholesale or retail for consideration, other than a person
who participates in a net metering program offered by an electric
utility.
Effective: January 1, 2010 (retroactive).
(HOUSE SPONSOR _ LEHE)
January 13, 2011, read first time and referred to Committee on Tax and Fiscal Policy.
January 25, 2011, amended, reported favorably _ Do Pass.
January 31, 2011, read second time, amended, ordered engrossed.
February 3, 2011, engrossed. Read third time, passed. Yeas 48, nays 0.
March 28, 2011, read first time and referred to Committee on Utilities and Energy.
April 5, 2011, reported _ Do Pass.
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A BILL FOR AN ACT to amend the Indiana Code concerning
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(1) a public utility (as defined in IC 8-1-2-1(a)); or
(2) another entity that provides electricity at wholesale or retail for consideration, other than a person who participates in a net metering program offered by an electric utility.
This subsection shall be interpreted to clarify and not to change the general assembly's intent with respect to this section.
deduction equals the remainder of (1) the assessed value of the real
property or mobile home with the wind power device included, minus
(2) the assessed value of the real property or mobile home without the
wind power device.