Bill
SB 6039
Overview: SB 6039, Promoting the development of geothermal energy resources.Status: Effective date 6/6/2024.Introduced: January 05, 2024Purpose and Intent: This bill aims to encour
Overview: SB 6039, Promoting the development of geothermal energy resources.
Status: Effective date 6/6/2024.
Introduced: January 05, 2024
Purpose and Intent: This bill aims to encourage the development and utilization of geothermal energy resources in the state by providing regulatory and financial incentives.
Key Provisions:
- Establishes a Geothermal Energy Development Program within the state energy office to provide technical assistance, grants, and other support for geothermal energy projects.
- Offers tax incentives, including a sales and use tax exemption, for the construction and operation of geothermal energy facilities.
- Directs state agencies to identify and make available state-owned land suitable for geothermal energy development.
- Streamlines the permitting process for geothermal energy projects by coordinating regulatory oversight.
Affected Parties and Impacts:
- Renewable energy developers and companies interested in geothermal energy projects
- Landowners and communities where geothermal energy facilities may be located
- Consumers and businesses that may benefit from increased access to renewable energy sources
Procedural and Timeline Considerations:
- The bill has been passed by the legislature and is awaiting the governor's signature.
- If signed into law, the bill's provisions would take effect on June 6, 2024.
Compiled from official sources — confirm details with the bill’s official record.
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