This bill modifies property tax distribution for energy users.
This bill:
- provides for distribution of property tax revenue collected from a property that has a cumulative electricity demand of 100 megawatts or greater within five years (large load customer) to taxing entities across the state;
- prohibits a taxing entity from awarding property tax increment to a project area that has a large load customer within the project area;
- provides the circumstances under which a large load customer shall notify the county auditor and county treasurer of the large load customer's address; and
- makes technical and conforming changes.

Statutes affected:
Introduced: 17-69-301, 17D-4-204, 54-26-301, 54-26-301.5, 59-2-924, 59-2-1301.5, 59-2-1365