Date: 05/07/2010

Final
BILL SUMMARY for HB10-1431

SENATE COMMITTEE ON LOCAL GOVERNMENT AND ENERGY

Votes: View--> Action Taken:
Moved to refer House Bill 10-1431 to the CommitteePASS

11:32 AM

 Senator Schwartz, Chair, called the meeting to order.


11:32 AM -- House Bill 10-1431

Senator Penry, prime sponsor, described the provisions of House Bill 10-1431, concerning the valuation of renewable energy facilities for property tax purposes. He described potential property tax policy changes being considered by the Property Tax Administrator concerning transmission lines and responded to questions from the committee concerning the fiscal impact of the bill. The reengrossed bill codifies the methodology that the property tax administrator uses to determine the actual value of renewable energy facilities for purposes of property taxation. Current law requires that the administrator not include the incremental cost of a renewable energy facility relative to a nonrenewable facility during the valuation of the facility. House Bill 10-1431 specifies that the administrator should exclude the cost of transmission lines in the valuation of the facility for renewable facilities that begin generating energy before January 1, 2012. The bill provides that the administrator should include the cost of transmission lines for nonrenewable facilities that begin generating electricity on or after January 1, 2012.

The following person testified on the bill:

11:36 AM -- Craig Cox, Interwest Energy Alliance, spoke in support of the bill and responded to questions from the committee about proposed changes to property tax policies concerning transmission lines for renewable energy generation facilities. .

BILL:HB10-1431
TIME: 11:45:21 AM
MOVED:Hodge
MOTION:Moved to refer House Bill 10-1431 to the Committee of the Whole, without amendment. The motion passed on a roll call vote of 6-0, and with a recommendation that it be added to the consent calendar.
SECONDED:
VOTE
Cadman
Excused
Hodge
Yes
Kester
Yes
Lundberg
Yes
Newell
Yes
Foster
Yes
Schwartz
Yes
Final YES: 6 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS




11:46 AM

The meeting adjourned.