MCA 15-6-157, Jobs and Energy Development Incentives Act , HB 3 - 2007 Special Session
STATUS:
Law and implementing regulations are in effect.
TIME FRAME Start:
May 25, 2007
TIME FRAME End:
DESCRIPTION:
This legislation reduces tax on carbon sequestration equipment and property. It provides permanent property tax rate reductions from 12 percent to 3 percent of market value for new investments in transmission lines for “clean” electricity, “clean” liquid and carbon sequestration pipelines. Property taxes on new generation technology with sequestration goes from 6 percent to 3 percent. New DC converter stations serving two regional power grids go from 6 percent to 2.25 percent. Nonpermanent incentives from 3 percent to 1.5 percent are also available.
