Solar photovoltaic projects; local taxation for projects less than five megawatts. (SB502)

Introduced By

Sen. Lynwood Lewis (D-Accomac)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Local taxation for solar photovoltaic projects five megawatts or less. Provides that generating equipment of solar photovoltaic projects five megawatts or less shall be taxable by a locality, at a rate determined by such locality, but shall not exceed the real estate rate applicable in that locality, and that the exemption shall be as follows: 80 percent of the assessed value in the first five years in service after commencement of commercial operation, 70 percent of the assessed value in the second five years in service, and 60 percent of the assessed value for all remaining years in service. The bill also provides that (i) solar photovoltaic projects five megawatts or less shall not be exempt from the assessment of a revenue share by ordinance of that locality and (ii) nothing in the bill shall be construed to authorize local taxation of generating or storage equipment of solar photovoltaic projects that serve the electricity needs of that property upon which such solar facilities are located. If a locality assesses a revenue share on such projects, the amount of the exemption shall be 100 percent of the assessed value. The bill does not apply to projects five megawatts or less that were approved by a locality prior to July 1, 2022. Read the Bill »


Bill Has Passed


01/12/2022Prefiled and ordered printed; offered 01/12/22 22104123D
01/12/2022Referred to Committee on Finance and Appropriations
01/20/2022Impact statement from TAX (SB502)
02/01/2022Senate committee, floor amendments and substitutes offered
02/01/2022Committee substitute printed 22105586D-S1
02/01/2022Reported from Finance and Appropriations with substitute (16-Y 0-N) (see vote tally)
02/02/2022Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/03/2022Read second time
02/03/2022Reading of substitute waived
02/03/2022Committee substitute agreed to 22105586D-S1
02/03/2022Engrossed by Senate - committee substitute SB502S1
02/04/2022Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/20/2022Impact statement from TAX (SB502S1)
02/21/2022Placed on Calendar
02/21/2022Read first time
02/21/2022Referred to Committee on Finance
02/23/2022Reported from Finance with substitute (13-Y 8-N) (see vote tally)
02/23/2022Committee substitute printed 22106928D-H1
02/25/2022Read second time
02/28/2022Read third time
02/28/2022Committee substitute agreed to 22106928D-H1
02/28/2022Engrossed by House - committee substitute SB502H1
02/28/2022Passed House with substitute (68-Y 30-N)
02/28/2022VOTE: Passage (68-Y 30-N) (see vote tally)
03/02/2022House substitute agreed to by Senate (40-Y 0-N) (see vote tally)
03/02/2022Title replaced 22106928D-H1
03/07/2022Bill text as passed Senate and House (SB502ER)
03/08/2022Impact statement from TAX (SB502ER)
03/08/2022Signed by President
03/08/2022Signed by Speaker
03/22/2022Enrolled Bill Communicated to Governor on March 22, 2022
03/22/2022G Governor's Action Deadline 11:59 p.m., April 11, 2022
04/11/2022G Approved by Governor-Chapter 493 (effective 7/1/22)
04/11/2022G Acts of Assembly Chapter text (CHAP0493)

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