House Amendment 1
H 3948 - Session 125 (2023-2024)
Property tax exemption

The Committee on Ways and Means proposes the following amendment (LC-3948.SA0002H):

Amend the bill, as and if amended, SECTION 1, by striking Section 12-37-220(53) and inserting:

 (53) a renewable energy resource property having a nameplate capacity of and operating at no greater than twenty kilowatts, as measured in alternating current for a customer-generator. For purposes of this item, "renewable energy resource" and "customer-generator" means propertyas defined in Section 58-40-10 includes solar energy equipment, facilities, or devices that support, collect, generate, transfer, monitor, or store thermal or electric energy. This definition includes including, but is not limited to, all components that enhance the operational characteristics of the generating equipment, such as an advanced inverter or battery storage device, and equipment required to meet all applicable safety, performance, interconnection, and reliability standards established by the commission, the National Electrical Code, the National Electrical Safety Code, the Institute of Electrical and Electronics Engineers, Underwriters Laboratories, the Federal Energy Regulatory Commission, and any local governing authorities.