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 include the chairpersons and ranking members of the relevant joint standing committees, the Commissioners of Energy and Environmental Protection and Revenue Services or their designees, a representative from the Connecticut Green Bank, and other individuals or businesses deemed necessary by the chairpersons. The cochairpersons of the finance, revenue, and bonding committee will lead the group, which is required to hold its first meeting within sixty days of the bill's passage and submit a report of findings and recommendations to the General Assembly by January 1, 2026.

The bill includes several insertions into current law, such as specifying that the cochairpersons will serve from the finance, revenue, and bonding committee and clarifying the working group's focus on "matters relating to" finance. There are no deletions from current law noted in the text. The bill is expected to have no fiscal impact on the state or municipalities, as the necessary staff and expertise are already available within the designated state agencies and committees to conduct the study.