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A 3764

Excludes certain solar or wind energy projects in the county of Lewis from certain appraisal models and discount rates

2025 Regular Session Introduced by Ken Blankenbush

Exempts qualifying Lewis County solar and wind projects from specific appraisal models and discount rates for property tax value, reshaping local tax revenue and project economics.

REFERRED TO REAL PROPERTY TAXATION
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Bill Summary · A 3764

Summary: Assembly Bill A 3764

Overview

Bill A 3764 would exclude certain solar or wind energy projects located in Lewis County from the application of specific appraisal models and discount rates used in property valuation for real property taxation. The measure is currently in the Real Property Taxation committee.

  • Sponsor: Kenneth Blankenbush (primary)
  • Status: Referred to Real Property Taxation (introduced January 30, 2025)

What the bill would do

  • Create an exemption for qualifying solar and wind energy projects in Lewis County from the use of certain appraisal methodologies and discount rates that otherwise would be applied in determining the assessed value of property for tax purposes.
  • The bill would specify that these projects are not to be evaluated under the particular appraisal models and discount rate structures identified in the statute, effectively altering how their taxable value is calculated within Lewis County.
  • The exact appraisal models and discount rates affected would be defined within the bill.

Who would be affected

  • Primary: Owners and developers of solar and wind energy projects located in Lewis County.
  • Secondary: Lewis County real property tax assessors, the county government, and potentially other local taxpayers who participate in or rely on the county tax base.
  • Broader context: Any state or local agency guidance tied to the valuation of energy projects could be affected as assessments align with the bill’s provisions.

Legislative process and timeline

  • The bill was introduced on January 30, 2025.
  • It has been referred to the Real Property Taxation committee for consideration.
  • Related companion measures exist:
    • A 9546 (prior-session)
    • S 7390 (companion)
  • No further actions are listed in the provided information; passage would require committee approval and eventual enactment into law.

Potential impacts and considerations

  • Fiscal impact: By altering how certain solar/wind projects are valued for tax purposes in Lewis County, the bill could change local property tax revenues, either increasing or decreasing tax collections depending on the valuation effects of excluding these projects from specified appraisal models and discount rates.
  • Development considerations: The change could influence investment and development decisions for renewable energy projects within Lewis County, as tax assessments are a factor in project economics.
  • Administrative considerations: Assessors and the Department of Taxation and Finance (as applicable) would need to implement the statute and ensure consistent application of the new exclusion.

Notes

  • Details on which specific appraisal models and discount rates are affected are not provided in the summary; the bill would specify these within the statutory text.
  • For readers seeking more precise language and definitions, reviewing the bill text upon committee release will be essential.

Compiled from official sources — confirm details with the bill’s official record.

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