California SB1329 establishes valuation rules for active solar energy systems in real property tax assessments.

California SB1329 amends the Revenue and Taxation Code to introduce specific valuation rules for active solar energy systems in real property tax assessments. The bill mandates that assessors value these systems using methods such as the comparable sales method, income method, or cost method. It excludes certain intangible assets and rights, including federal and state tax credits, from the valuation process. The bill also sets a maximum useful life of 25 years for these systems and requires the deduction of government subsidies from the original cost when determining value.

California SB1329 establishes valuation rules for active solar energy systems in real property tax assessments.

California SB1329 amends the Revenue and Taxation Code to introduce specific valuation rules for active solar energy systems in real property tax assessments. The bill mandates that assessors value these systems using methods such as the comparable sales method, income method, or cost method. It excludes certain intangible assets and rights, including federal and state tax credits, from the valuation process. The bill also sets a maximum useful life of 25 years for these systems and requires the deduction of government subsidies from the original cost when determining value.