HB563
Personal property taxation; establishes classification for major energy consumer equipment upgrades.
Status:
In House
Latest Action:
Feb. 3, 2026
House: Assigned HFIN sub: Subcommittee #1
Chief Patron:
David Reid (D)
Session:
2026 Regular Session
Summary
As Introduced. Personal property taxation; classifications; major energy consumer equipment upgrades.
Establishes a special classification for generating equipment purchased on and after July 1, 2026, for the purpose of upgrading the backup or standby power systems of a major energy consumer (i) from equipment that does not meet Tier 2 emission standards to selective catalytic reduction generators that meet or exceed ... (More) Tier 4 emission standards or (ii) to meet New Source Performance Standards as enforced by the Department of Environmental Quality, as applicable. The bill provides that such equipment may be taxed at a lower rate than is applied to other tangible personal property. (Less)-
Bill History
- 01/13/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26104947D
- 01/13/2026 - House: Referred to Committee on Finance
- 01/30/2026 - House: Placed on Finance Agenda
- 01/31/2026 - House: Fiscal Impact statement From TAX (1/31/2026 3:44 pm)
- 02/03/2026 - House: Assigned HFIN sub: Subcommittee #1
