Date: 04/03/2014

Final
BILL SUMMARY for HB14-1101

HOUSE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Adopt amendment L.007 (Attachment A). The motion p
Refer House Bill 14-1101, as amended, to the Commi		Pass Without Objection
PASS



12:30 PM -- HB14-1101

 Representative Court, Chair, called the House Finance Committee to order.

Representative Tyler came to the table and presented House Bill 14-1101. He explained that under current law, business owners of a community solar garden (CSG) must pay property tax on the personal property used to generate electricity. Assessors value this property by determining the generating capacity of the CSG and multiplying by the cost per kilowatt of alternating current electricity as published by the Division of Property Taxation in the Department of Local Affairs. Beginning in property tax year 2015, this bill specifies that the share of electricity generated by a CSG and attributed to residential or governmental subscribers is exempt from property tax. Thus, business personal property tax for a CSG would be levied only on the share of electricity generating capacity used by businesses. He responded to questions on the backfilling required by the bill, and the ownership of a CSG by a business.
BILL:HB14-1101
TIME: 12:36:24 PM
MOVED:Court
MOTION:Adopt amendment L.007 (Attachment A). The motion passed without objection.

14HseFin0403AttachA.pdf14HseFin0403AttachA.pdf
SECONDED:Foote
VOTE
Becker
DelGrosso
Foote
Joshi
Kagan
Melton
Pabon
Absent
Priola
Saine
Absent
Swalm
Wilson
Excused
Labuda
Court
YES: 0 NO: 0 EXC: 1 ABS: 2 FINAL ACTION: Pass Without Objection


BILL:HB14-1101
TIME: 12:37:05 PM
MOVED:Court
MOTION:Refer House Bill 14-1101, as amended, to the Committee on Appropriations. The motion passed on a vote of 7-3, with 2 members excused and 1 member absent.
SECONDED:Foote
VOTE
Becker
Yes
DelGrosso
No
Foote
Yes
Joshi
No
Kagan
Yes
Melton
Yes
Pabon
Absent
Priola
Yes
Saine
Excused
Swalm
No
Wilson
Excused
Labuda
Yes
Court
Yes
YES: 7 NO: 3 EXC: 2 ABS: 1 FINAL ACTION: PASS