HB1132
Data center tax revenue; creates local residential renewable energy incentive program.
Status:
In House
Latest Action:
Jan. 30, 2026
House: Placed on Finance Agenda
Chief Patron:
David Reid (D)
Session:
2026 Regular Session
Summary
As Introduced. Data center tax revenue; local residential renewable energy incentive program; tangible personal property tax reimbursement; penalty.
Authorizes the governing body of any county, city, or town that collects real or personal property taxes for any real or personal property owned by a data center to create a local residential renewable energy incentive program, through which funds shall be used to reduce existing utility bills for residential ... (More) customers, to reduce reliance upon fossil fuel power generation facilities, to reduce the need for construction and placement of new transmission lines, and to minimize future electricity costs for residential customers. The bill provides that 15 percent of new data center revenue, defined in the bill, shall be spent toward residential solar and battery storage investment and 15 percent of new data center revenue shall be spent toward providing pro rata reimbursements for residents' tangible personal property tax assessments for any qualifying vehicle. (Less)-
Bill History
- 01/14/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26104725D
- 01/14/2026 - House: Referred to Committee on Finance
- 01/22/2026 - House: Fiscal Impact statement From TAX (1/22/2026 6:00 pm)
- 01/30/2026 - House: Placed on Finance Agenda
