Bill No.: HB0101                  Drafter:  MQ

LSO No.:  10LSO-0320              Effective Date:  1/1/2011

Enrolled Act No.:  HEA0018

Chapter No.:       49

Prime Sponsor:     Representative Anderson, R.

Catch Title:       Electricity generated from wind-taxation.

Subject:  Imposes a tax upon the production of electricity from wind resources.

Summary/Major Elements:

· Imposes an excise tax upon the privilege of producing electricity from wind resources.

· Tax of $1 per megawatt hour or portion thereof is imposed.

· Tax becomes effective 3 years after the turbine first produces electricity.

· Tax is distributed 60% to the counties where the generating facility is located; and 40% to the general fund.

Comments:

· Effective January 1, 2012.