House Bill No. 7265 establishes a working group tasked with examining the implementation of a uniform energy storage capacity tax in the state. The working group will focus on the methodology for calculating the tax and recommending a rate for it. It will consist of key members from the General Assembly's finance, revenue, and bonding committees, as well as representatives from the Departments of Energy and Environmental Protection and Revenue Services, the Connecticut Green Bank, and other relevant individuals or businesses. The chairpersons of the finance and revenue committees will serve as cochairpersons of the working group.

The bill mandates that the working group hold its first meeting within sixty days of its establishment and submit a report of its findings and recommendations to the General Assembly by January 1, 2026. The administrative staff of the finance and revenue committee will support the working group, which will dissolve upon submitting its report or on January 1, 2026, whichever comes later. Notably, the bill does not impose any fiscal impact on the state or municipalities, as the involved agencies have the necessary resources to conduct the study.