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Legislative Year: 2021 Change

Bill Detail: SB21-020

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Title Energy Equipment And Facility Property Tax Valuation
Status Governor Signed (04/22/2021)
Bill Subjects
  • Energy
  • Fiscal Policy & Taxes
House Sponsors A. Valdez (D)
M. Soper (R)
Senate Sponsors C. Hansen (D)
D. Hisey (R)
House Committee Energy and Environment
Senate Committee Finance
Date Introduced 02/16/2021

Sections 1 and 2 of the bill ensure that clean energy resources and
energy storage systems used to store electricity are assessed for valuation
for the purpose of property taxation in a similar manner to renewable
energy facility property used to generate and deliver electricity.
Currently, the property tax administrator (administrator) is required
to determine the actual value of a small or low impact hydroelectric

energy facility, a geothermal energy facility, a biomass energy facility, a
wind energy facility, or a solar energy facility using the income approach
to valuation only. This valuation currently involves a tax factor based
on a 20-year period. Section 2 extends this period by 10 years for a
renewable energy facility that begins generating energy on or after
January 1, 2021. It also specifies that after the 20- or 30-year period, as
applicable, a tax factor is not applied and the taxable value shall not
exceed the depreciated value floor calculated using the cost basis method.
Under section 3, the administrator is required to utilize the income
approach for solar energy facilities that generate 2 megawatts or less, so
that similar facilities will be valued in the same manner.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (06/28/2021) (most recent)  
Additional Bill Documents Bill Documents
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  • Committee activity and documents
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