WeVote
Log In

Bill

Bill

S 7389

Requires a percentage of profits to be paid to a taxing jurisdiction or land owner under certain agreements for the installation and use of solar or wind energy equipment

2025 Regular Session Introduced by Mark Walczyk

Requires a percentage of profits from solar and wind energy installations to be paid to a taxing jurisdiction or landowners under specified agreements.

REFERRED TO LOCAL GOVERNMENT
0
WeVote Research Nonpartisan
Bill Summary · S 7389

Legislative Bill Summary: S 7389

Bill at a glance

  • Bill Number: S 7389
  • Title: Requires a percentage of profits to be paid to a taxing jurisdiction or land owner under certain agreements for the installation and use of solar or wind energy equipment
  • Status: REFERRED TO LOCAL GOVERNMENT
  • Introduced: April 14, 2025
  • Primary Sponsor: Mark Walczyk
  • Related Bill(s): S 6201 (prior-session)

Purpose and intent

S 7389 would establish a requirement that a portion of profits from the installation and use of solar and wind energy equipment be paid to hosting entities—specifically a taxing jurisdiction (e.g., local government) or a landowner—under certain defined agreements. The underlying aim appears to be ensuring local governments and landowners receive financial benefits from renewable energy projects within their boundaries.

Key provisions (as stated)

  • Mandate: A percentage of profits from solar or wind energy installations must be paid to a taxing jurisdiction or landowner under designated agreements.
  • Scope: Applies to projects involving solar and wind energy equipment.
  • Agreements: Payments would be made under “certain agreements” between project developers/operators and the affected taxing jurisdictions or landowners. The bill text would specify which agreement types (e.g., leases, revenue-sharing agreements, or other development agreements) are covered.
  • Compliance and enforcement: Specific mechanisms, timelines, and enforcement provisions would be defined in the bill text (not provided in the summary).

Affected parties

  • Project developers and operators of solar and wind energy equipment.
  • Taxing jurisdictions (local governments) hosting projects.
  • Landowners hosting installations or benefiting from site leases.
  • Potentially local residents and taxpayers indirectly through revenue-sharing arrangements and property tax dynamics.

Procedural/timeline aspects

  • The bill was introduced on April 14, 2025.
  • It is currently referred to Local Government for consideration.
  • Legislative action history shows the same referral date listed (possible duplication in the record).

Potential impacts and considerations

  • Economic impact: Could alter project economics by creating mandatory profit-sharing obligations, influencing investment decisions and project viability.
  • Revenue implications: Potentially increases local government revenue and landowner income where agreements apply.
  • Legal/contractual changes: May require new or amended development agreements and lease structures to reflect mandated profit-sharing.
  • Policy considerations: Aligns renewable energy development with local revenue considerations, but specific percentages and eligibility criteria will be critical to assess.

Note: The exact percentage, eligible agreement types, enforcement methods, and detailed definitions are not provided in the summary. The full text of S 7389 would clarify these specifics.

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

Sign in to ask a question.