State SealARIZONA HOUSE OF REPRESENTATIVES

 

HB 2493: appraisal methods; solar energy devices

PRIME SPONSOR: Representative Cobb, LD 5

BILL STATUS: House Engrossed

 

Overview

Assesses a full cash property tax value on solar energy devices if current statute designating such devices as having no value is ruled invalid.☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal Note

History

The Arizona Department of Revenue (Department) is charged with the duty to set the guidelines that are used by the department and the county assessors to determine the taxable value of property in the state. Current law considers solar energy devices to have no assessable value or to add value to the real property it is installed on. Solar energy devices are defined in statute as a system that is designed to actively or passively provide heating, cooling, solar daylight, produce electrical or mechanical power or any combination of these and may also include a means of storing this energy for later use (A.R.S. §44-1761). Full cash value for property tax purposes means the value determined as prescribed by statute and if not prescribed then it means market value. (ARS §42-1100).

Provisions

1.       Stipulates that if any portion of the statute regarding the assessment value of solar energy devices is adjudicated invalid, they would then be assessed as personal property having a full cash value of $500 for up to five hundred kilowatts and $1 per kilowatt for each additional kilowatt. (sec. 1)

2.       Specifies that the statute applies to both leased or owned solar energy devices. (Sec. 1)

3.       Contains a retroactive date to tax years beginning from and after December 31, 2014. (Sec. 2)

4.       Makes technical and conforming changes. (Sec. 1)

 

 

 

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Fifty-fourth Legislature                       HB 2493

First Regular Session                            Version 3: House Engrossed

 

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