2016 -- S 2177

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LC004175

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2016

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A N   A C T

RELATING TO TAXATION -- RENEWABLE ENERGY

     

     Introduced By: Senators DaPonte, DiPalma, Pearson, Doyle, and Paiva Weed

     Date Introduced: January 27, 2016

     Referred To: Senate Finance

     It is enacted by the General Assembly as follows:

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     SECTION 1. Section 44-3-21 of the General Laws in Chapter 44-3 entitled "Property

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Subject to Taxation" is hereby amended to read as follows:

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     44-3-21. Renewable energy systems -- Exemption. -- The city or town councils of the

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various cities and towns may, by ordinance, exempt from taxation any renewable energy system,

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located in the city or town. Provided, however, that said city or town councils shall exempt from

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taxation any renewable energy system located in the city or town with an aggregate nameplate

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capacity of up to ten (10) kilowatts for residential property and up to one hundred (100) kilowatts

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for small commercial property. The exemption shall expire in twenty (20) years or upon transfer

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of the property, whichever occurs first.

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     SECTION 2. This act shall take effect upon passage.

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LC004175

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO TAXATION -- RENEWABLE ENERGY

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     This act would exempt renewable energy systems of up to ten (10) kilowatts for

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residential property and up to one hundred (100) kilowatts for small commercial property from

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local taxation for a period of twenty (20) years or upon transfer of the property, whichever is first.

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     This act would take effect upon passage.

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