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Minutes for HB2609 - Committee on Taxation
Short Title
Extending the property tax exemption for pollution control devices and peak load plants of independent power producers and certain electric public utility property.
Minutes Content for Wed, Mar 13, 2024
Adam Siebers provided an overview on HB2609 that extends the property tax exemption for certain independent power producers and certain public utility property. The property tax exemption for independent power producers' electric generation facility peak load plans and pollution control devices would be extended from 6 to 12 years immediately following the taxable year in which such property is purchased or construction or installation of such property is completed. The property tax exemption for electric public utility property power producers' electric generation facility peak load plants and pollution control devices would be extended from 4 to 10 years immediately following the taxable year in which such property is purchased or construction or installation of such property is completed.
Representative Wasinger made a motion, seconded by Representative Holheisel, to amend HB2609 by striking the contents of the bill and inserting the proposed substitute for HB2609.(Attachment 25)
Representative Wasinger stated the substitute for HB2609 changes all of the exemptions to ten years for all applications filed after December 31, 2024. She noted the chart that was provided to Committee members explains the separate tax exemptions set up for different needs as the years advance.
After discussion, the Committee voted on Representative Wasinger's motion. Motion carried.
Representative Wasinger moved, seconded by Representative Holheisel, to pass out House Substitute for HB2609 favorably, Motion carried.
