Bill Text: NC H171 | 2017-2018 | Regular Session | Amended

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Bill Title: Change Exclusion for Solar Energy Systems

Spectrum: Partisan Bill (Republican 14-0)

Status: (Introduced - Dead) 2017-02-23 - Ref to the Com on Energy and Public Utilities, if favorable, Finance [H171 Detail]

Download: North_Carolina-2017-H171-Amended.html

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GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2017

H                                                                                                                                                    1

HOUSE BILL 171

 

 

Short Title:      Change Exclusion for Solar Energy Systems.		(Public)
Sponsors:	Representatives Dixon, J. Bell, Brenden Jones, and McElraft (Primary Sponsors). For a complete list of sponsors, refer to the North Carolina General Assembly web site.
Referred to:	Energy and Public Utilities, if favorable, Finance

February 23, 2017

A BILL TO BE ENTITLED

AN ACT to change the property tax exclusion for solar energy electric systems.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 105‑275(45) reads as rewritten:

"§ 105‑275.  Property classified and excluded from the tax base.

The following classes of property are designated special classes under Article V, Sec. 2(2), of the North Carolina Constitution and are excluded from tax:

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(45)      Eighty percent (80%) Sixty percent (60%) of the appraised value of a solar energy electric system. For purposes of this subdivision, the term "solar energy electric system" means all equipment used directly and exclusively for the conversion of solar energy to electricity."

SECTION 2.  This act becomes effective July 1, 2017, and applies to taxes imposed for taxable years beginning on or after that date.