Data center tax revenue; creates local residential renewable energy incentive program.
Sponsored By: David A. Reid (Democratic)
In Committee
Summary
Data center tax revenue; local residential renewable energy incentive program; tangible personal property tax reimbursement; penalty. Authorizes the governing body of any county, city, or town that collects real or personal property taxes for any real or personal property owned by a data center to create a local residential renewable energy incentive program, through which funds shall be used to reduce existing utility bills for residential customers, to reduce reliance upon fossil fuel power generation facilities, to reduce the need for construction and placement of new transmission lines, and to minimize future electricity costs for residential customers. The bill provides that 15 percent of new data center revenue, defined in the bill, shall be spent toward residential solar and battery storage investment and 15 percent of new data center revenue shall be spent toward providing pro rata reimbursements for residents' tangible personal property tax assessments for any qualifying vehicle. Finally, the bill provides that if any locality violates the requirements for such incentive program, the local treasurer shall immediately transfer any remaining funds directly to the State Treasurer. The State Treasurer shall direct such remaining funds to be used for authorized purposes and thereafter such locality's incentive fund shall be dissolved. The bill makes it a Class 1 misdemeanor for a local treasurer to violate such requirement.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
David A. Reid
Democratic • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Continued from last session
7/21/2026HouseContinued to 2027 in Finance (Voice Vote)
2/11/2026HouseHouse subcommittee offered
2/9/2026HouseAssigned HFIN sub: Subcommittee #1
2/5/2026HouseFiscal Impact statement From TAX (1/22/2026 6:00 pm)
1/22/2026HouseReferred to Committee on Finance
1/14/2026HousePrefiled and ordered printed; Offered 01-14-2026 26104725D
1/14/2026House
Bill Text
Substitute
2/10/2026
Substitute
2/9/2026
Introduced
1/14/2026
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