2005 Senate Bill 803 ↩

House Roll Call 1292: Passed

To specify that fuel cell energy systems, photovoltaic energy systems, and wind energy systems are subject to personal property tax. Personal property tax is a tax on the tools and equipment of a business and is levied at the same rate as regular property taxes on real property (land and buildings). Several state laws authorize granting various personal property tax breaks to particular companies, and the bill would make these systems eligible for such tax breaks.