Rules and Regulations for Commercial Renewable Energy Systems Tangible Tax Value
300-RICR-00-00-2 INACTIVE RULE
Title | 300 | Office of Energy Resources |
Chapter | 00 | N/A |
Subchapter | 00 | N/A |
Part | 2 | Rules and Regulations for Commercial Renewable Energy Systems Tangible Tax Value |
Type of Filing | Adoption |
Regulation Status | Inactive |
Effective | 01/01/2017 to 01/01/2017 |
Regulation Authority:
2016 R.I. Pub. Laws Ch. 163 (H8354, Substitute A) (R.I. Gen. laws § 44-5-3(c)); R.I. Gen. laws § 44-57-1 et seq.
Purpose and Reason:
The purpose of these regulations is to provide consistent and foreseeable tax treatment of renewable energy to facilitate and promote installation of grid-connected generation of renewable energy. These regulations, as authorized by the General Assembly in the 2016 session, will create a statewide tangible tax value and formula, which shall be used by all municipalities for commercial renewable energy systems proposed within their respective jurisdictions beginning on January 1, 2017. There were no changes to the proposed regulations after the public comment period.