HB1208: Assessment of wind power devices.

Legislative Summary

Assessment of wind power devices. Requires a new owner of a wind power device (device) to report, when filing the owner's statement of value and description of property with the department of local government finance (department) in years after the first year of ownership, the valuation of the device at the same valuation amount entered in the public utility company's first annual report after the transfer of ownership, less adjustments for depreciation according to a schedule prescribed by the department. Urges the legislative council to assign to an appropriate interim study committee the task of studying utility scale wind and solar power taxation.