HB 128: SOLAR FACILITY GROSS RECEIPTS DEFINITIONS

An Act Relating To Taxation; Amending A Section Of The Gross Receipts And Compensating Tax Act To Change The Definitions Of "qualifying Solar Photovoltaic Electric Generating Facility" And "solar Thermal Electric Generating Facility" To Expand The Eligibility For The Advanced Energy Deduction.

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MILD HB 128
SOLAR FACILITY GROSS RECEIPTS DEFINITIONS

Legislative URL:

HB 128 on nmlegis.gov

Emergency Clause:

No

Germane:

N/A

Location:

- OTHER -

Action:

[2] HENRC/HTRC/HAFC-HENRC [14] DP-HTRC [39] DP-HAFC- DP [50] PASSED/H (64-0) [44] SFC API.

Issue(s):

Energy

Related Legislators

Bill Sponsor:

Nick Salazar

Related Documents

Downloads:

Introduced
HENRC Committee Report
HTRC Committee Report
HAFC Committee Report
Final House Vote
Fiscal Impact Report

Summary

This measure amends a section of the Gross Receipts and Compensating Tax Act to expand the eligibility for the “advanced energy deduction” by changing the definitions of  “solar photovoltaic electric generating facility” and “solar thermal electric generating facility.” In both cases the bill removes the requirement that the facility have a “name-plate capacity” of at least one megawatt.

This bill is for the Interim Science, Technology and Telecommunications Committee.

Outcome: HB 128 passed the House (64-0) but died in the Senate Finance Committee.

Date of Summary:  1/21/2013; Updated 5/16/13