Solar farms to be new source of tax revenue?

Ameren Missouri to acquire its largest solar farm to date • Missouri Independent

 

While the Oklahoma Supreme Court ruled this week against taxing production tax credits used by the state’s wind farms, legislators in nearby Missouri are exploring how to tax solar energy farms, a matter arising from a Missouri Supreme Court ruling.

The high court in Missouri ruled in August that a 2013 state law granting a property tax exemption from certain solar energy systems was unconstitutional—the tax break was not allowed under the state constitution. The Oklahoma supreme court ruled the ad valorem tax on  production tax credits for Oklahoma wind farms was also not allowed by the state constitution.

Missouri legislators met Wednesday to start exploration of how local governments can increase revenue by taxing solar energy projects. The St. Louis Post-Dispatch reported a new Task Force on Fair, Nondiscriminatory Local Taxation Concerning Solar Energy Systems started work on Wednesday.

 

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