California extends sunset on property tax exclusion for active solar energy systems
A new California law extends the sunset on an existing property tax exclusion for newly constructed active solar energy systems by two years, a measure that Gov. Gavin Newsom acknowledged has a “direct impact” on property tax revenues for local governments.
Over the weekend, Newsom signed Senate Bill 1340 into law, which extends the tax exclusion for installing a new active solar energy system. Under current law, installing a solar energy system does not result in an “increase or decrease in the assessment of the existing property, unlike other physical additions,” according to a bill analysis.
Click here to read the full article
Source: The Center Square
If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.
Leave a ReplyWant to join the discussion?
Feel free to contribute!