TAXATION – Amends existing law to revise provisions regarding the allocation of certain tax revenue.
Reported Signed by Governor on March 23, 2026 Session Law Chapter 104 Effective: Retroactive to 01/01/2026
Summary
The bill requires renewable‑energy producers to file earnings statements, after which the state tax commission computes the tax owed and distributes it to the counties where the property is located, then further divides it among local taxing entities based on property values and levy rates. This ensures tax revenue from renewable energy is allocated proportionally to the areas where the facilities sit. The law took effect retroactively to Jan. 1, 2026.
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