View Amendment Current Amendment: 4 to Bill 626 Rep. FORRESTER proposes the following Amendment No. 4 to S. 626 (COUNCIL\DKA\626C003.DKA.SA16):

Reference is to Printer's Date 5/19/16--H.

Amend the committee report, as and if amended, by striking SECTION 1 and inserting:

/ SECTION      1.      A.      Section 12-37-220(B) of the 1976 Code, as last amended by Act 23 of 2015, is further amended by adding an item at the end to read:

     "(52)      distributed renewable energy generation property for residential use. For purposes of this item, 'distributed renewable energy generation property' means property that generates electric power by the use of a renewable energy resource, as defined in Section 58-40-10(F), that has a nameplate capacity of no greater than twenty kilowatts."

B.      This section takes effect upon approval by the Governor and first applies to property tax years beginning after 2015. /

Renumber sections to conform.
Amend title to conform.