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SB424: relative to the property tax exemption for solar energy systems.
Bill details
Version history, amendments, and roll-call votes were not present in the imported local bill data.
Sponsors
- Jeb Bradley Senate · Dist 3
- David H. Watters Senate · Dist 4
- Robert Backus House · Hills 19
- Troy Merner House · Coos 7
Topics
Election Law and Municipal Affairs Energy and utilities Housing and property Taxation
Official links
SB 424-LOCAL - AS INTRODUCED
2020 SESSION
20-2911
05/01
SENATE BILL 424-LOCAL
AN ACT relative to the property tax exemption for solar energy systems.
ANALYSIS
This bill establishes a property tax exemption for leased solar energy systems located on residential property.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
20-2911
05/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty
AN ACT relative to the property tax exemption for solar energy systems.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Paragraph; Persons and Property Liable to Taxation; Exemptions; Leased Solar Energy Systems. Amend RSA 72:23 by inserting after paragraph VII the following new paragraph:
VIII.(a) A solar energy system leased to the owner of residential real estate for the purpose of heating or otherwise supplying the energy needs of the residential property. To be eligible for the exemption, the system shall be installed on the residential property for which the energy is provided. The exemption from taxation shall apply only to the solar energy system and shall not otherwise affect the assessed value of the residential property. The exemption shall not extend to the land or any other real or personal property.
(b) In this paragraph, "solar energy system" means a system which utilizes solar energy to heat or cool the interior of a building or to heat water for use in a building and which includes one or more collectors and a storage container. "Solar energy system" also means a system which provides electricity for a building by the use of photovoltaic panels.
(c) The exemption under this section shall be in addition to any exemption adopted by a municipality pursuant to RSA 72:62.
2 Effective Date. This act shall take effect April 1, 2021.