Change provisions related to penalties, proceeds, and distributed revenue of the nameplate capacity tax

Summary

The bill replaces the existing nameplate capacity tax on renewable energy generators with a new $3,518 per megawatt rate, exempts certain public owners and customer‑generators, and limits the tax’s classification as restricted funds for five years. It adds reporting requirements, quarterly penalties for late payment, and directs most of the tax proceeds to local taxing entities and community colleges, while prohibiting use of the money for the state’s general fund. The measure failed to pass and was indefinitely postponed.

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