Modifies and creates new provisions relating to electric utilities

Summary

HB 2816 replaces several existing statutes with new sections that redefine terms used in property tax law, especially for electric‑utility assets like hydroelectric generators, solar panels, and transmission equipment. The changes affect how real and personal property are classified for tax purposes, which could alter tax liabilities for utility companies, property owners, and local taxing districts. It also gives taxing districts a mechanism to adjust levies if re‑classification reduces their revenue.

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

Topics

Share