2013 Vermont Statutes
Title 32 Taxation and Finance
Chapter 215 RENEWABLE ENERGY
§ 8701 Uniform capacity tax

8701. Uniform capacity tax

(a) As used in this section, the terms "kW," "plant," "plant capacity," and "renewable energy" shall be as defined in 30 V.S.A. 8002; provided, however, that any tax or exemption under this chapter shall only apply to the fixtures and personal property of a plant, and not to the underlying land.

(b) There is assessed on any renewable energy plant in Vermont commissioned to generate solar power an annual tax of $4.00 per kW plant capacity. The tax shall be paid to the Department of Taxes no later than April 15 of each year and accompanied by a return with such information as the Department of Taxes may require. The Department of Taxes shall deposit the taxes collected under this section into the Education Fund. The Department of Taxes may adopt procedures and rules necessary to implement the tax in this section.

Subsection (c) repealed effective January 1, 2023; see note set out below.

(c) A renewable energy plant that generates electricity from solar power shall be exempt from taxation under this section if it has a plant capacity equal to or less than 10 kW.

(d) The existence of a renewable energy plant subject to tax under subsection (b) of this section shall not alter the exempt status of any underlying property under section 3802 or subdivision 5401(10)(F) of this title. (Added 2011, No. 127 (Adj. Sess.), 1, eff. Jan. 1, 2013; amended 2013, No. 73, 41, eff. June 5, 2013.)