California extends sunset on property tax exclusion for active solar energy systems

Over the weekend, Newsom signed Senate Bill 1340 into law, which extends the tax exclusion for installing a new active solar energy system.

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.

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Source: The Center Square

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