Recycling and solar equipment tax exemption bill amended to preserve local flexibility

March 3, 2020

SB 1039 (Vogel) deals with the local option property tax exemption for certified recycling or solar equipment and, as introduced, would provide that if a taxpayer installed qualifying equipment and obtained the appropriate certification within one year of its installation, the tax exemption would apply retroactively to the date of installation and the locality would need to reimburse the taxpayer for taxes paid in the interim.  Under current law, the tax exemption begins in the next succeeding tax year.  VACo worked with the patron to amend the bill in the House Finance Committee to make clear that the application of the tax exemption retroactively to the date of installation would be a local option that could be adopted by ordinance within a local exemption program.  The amended bill passed the House unanimously and the Senate has agreed to the amendment, so the bill is on its way to the Governor’s desk.

VACo Contacts:  Katie Boyle and Joe Lerch, AICP

- Related Blog Posts -

Legislation Requiring Photographs in Electronic Pollbooks Advances with Funding Contingency Language

January 25, 2018

View Blog Post

VACo Region 2 Meeting tackles issue of providing internet access to rural areas

June 1, 2018

View Blog Post

School bus advertising bill advances

January 22, 2019

View Blog Post