Bill Number: H.B. 2493
Mesnard
Floor Amendment
Reference
to: FINANCE Committee amendment
Amendment
drafted by: Lydia Chew
FLOOR
AMENDMENT EXPLANATION
1. Requires taxpayers
owning a device or system to annually report the taxable original cost of the
device or system to the county assessor, instead of to the Arizona Department
of Revenue (ADOR).
2. Defines taxable
original cost as original cost reduced by the value of any investment tax
credits, production tax credits or cash grants in lieu of investment tax
credits applicable to the taxable renewable energy equipment.
Fifty-fourth Legislature Mesnard
First
Regular Session H.B. 2493
MESNARD FLOOR AMENDMENT
SENATE AMENDMENTS TO H.B. 2493
(Reference to FINANCE Committee
amendment)
Page 3, line
26, strike "department" insert "assessor in each county where the property is located"
Page 4,
lines 19 and 20, strike "has the same meaning prescribed in
section 42-14155" insert "means the original cost
minus the value of any investment tax credits, production tax credits or cash
grants in lieu of investment tax credits applicable to the taxable renewable
energy equipment"
Amend title to conform