tax reduction fund; renewable energy

Summary

The bill requires each county to set up a tax‑reduction fund for every 100‑MW‑plus wind or solar facility. Half of the drop in a home’s assessed value caused by the project is deposited into the fund and then distributed to nearby homeowners, after a small administrative cost. The goal is to offset any property‑tax increase that results from the renewable‑energy development.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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