(The Center Square) – A new California law extends the sunset on an existing property tax exclusion for newly constructed active solar energy systems by two years, a measure that Gov. Gavin Newsom acknowledged has a “direct impact” on property tax revenues for local governments.Over the weekend, Newsom signed Senate Bill 1340 into law, which extends the tax exclusion for installing a new active solar energy system. Under current law, installing a solar energy system does not result in an “increase or decrease in the assessment of the existing property, unlike other physical additions,” according to a bill analysis.The tax exclusion was set to sunset on Jan. 1, 2025. The bill’s author, Senator Robert Hertzberg, D-Van Nuys, argued that the…
California extends sunset on property tax exclusion for active solar energy systems | California
