The proposed bill, General Assembly Proposed Bill No. 5232, aims to amend the general statutes to enhance the criteria for property tax exemptions related to the installation of renewable energy systems. The bill seeks to clarify the existing criteria, ensuring that they are more straightforward and accessible for individuals and businesses looking to invest in renewable energy technologies.
Additionally, the bill intends to simplify the application process for obtaining these property tax exemptions, making it easier for applicants to navigate the requirements. This legislative effort reflects a commitment to promoting renewable energy adoption by reducing financial barriers and streamlining administrative procedures associated with tax incentives.