SB 686

Abstract

Local tax; solar facility exemption. Provides that any solar facility installed (i) on the roof of a residential dwelling or a structure on an agricultural zoned property in order to serve the electricity needs of the property upon which the facility is located and (ii) pursuant to existing local regulation of solar facilities laws is declared a separate class of property and shall be classified for local taxation separately from other classifications of real or personal property. Such facilities shall be wholly exempt from state and local taxation under the Constitution of Virginia. The exemption applies only to solar facilities with a nameplate generating capacity of not more than 25 kilowatts. The bill has a delayed effective date of January 1, 2023.

Local tax; solar facility exemption. Providesthat any solar facility installed pursuant to existing local regulationof solar facilities laws is declared a separate class of propertyand shall be classified for local taxation separately from otherclassifications of real or personal property. Such facilities shallbe wholly exempt from state and local taxation under the Constitutionof Virginia.