HB 2918 — renewable energy equipment; valuation; depreciation

ARIZONAHouse HOUSEEngrossed OFrenewable REPRESENTATIVESenergy FLOORequipment; AMENDMENT EXPLANATION 57th Legislature, 2nd Regular Session Majority Research Staff HB 2918:

renewable energy equipment;

depreciation GRESSState FLOORof AMENDMENTArizona 1.House of Representatives Fifty-seventh Legislature Second Regular Session HOUSE BILL 2918 AN ACT AMENDING SECTION 42-14155, ARIZONA REVISED STATUTES;

ExtendsRELATING theTO deadline,VALUATION fromOF JanuaryCENTRALLY 1,ASSESSED 2027PROPERTY. to January 1, 2030, for certain renewable energy equipment to have their construction initiated before the prescribed calculation used for determining full cash value of the equipment is changed to according to the provisions of the bill.

CORBIN(TEXT W.OF BILL BEGINS ON NEXT PAGE) - i - H.B.

3/3/20262918 (602)Be 926-3848it Fifty-seventhenacted by the Legislature Gressof Secondthe RegularState Sessionof H.B.Arizona:

2918 ADDITIONAL COW GRESS FLOOR AMENDMENT HOUSE OF REPRESENTATIVES AMENDMENTS TO H.B.

2918 (Reference to House engrossed bill) Amendment instruction key:

[GREEN UNDERLINING IN BRACKETS] indicates text added to statute or previously enacted session law.

[Green underlining in brackets] indicates text added to new session law or text restoring existing law.

[GREEN STRIKEOUT IN BRACKETS] indicates new text removed from statute or previously enacted session law.

[Green strikeout in brackets] indicates text removed from existing statute, previously enacted session law or new session law.

<<Green carets>> indicate a section added to the bill.

<<Green strikeout in carets>> indicates a section removed from the bill.

The bill as proposed to be amended is reprinted as follows:

FOR RENEWABLE ENERGY AND STORAGE EQUIPMENT THAT IS OWNED BY OR WHOLLY SUBJECT TO AN EXCLUSIVE POWER PURCHASE AGREEMENT WITH A PUBLIC SERVICE CORPORATION OR PUBLIC POWER ENTITY DOING BUSINESS IN THIS STATE AND [THATTHE IS IN SERVICE] [THE CONSTRUCTION OF THE RENEWABLE ENERGY AND STORAGE EQUIPMENT WAS INITIATED]INITIATED BEFORE JANUARY 1, [2027]2030, [2030], twenty percent of the depreciated cost of the equipment.

FOR RENEWABLE ENERGY AND STORAGE EQUIPMENT THAT IS OWNED BY OR WHOLLY SUBJECT TO AN EXCLUSIVE POWER PURCHASE AGREEMENT WITH A PUBLIC SERVICE CORPORATION OR PUBLIC POWER ENTITY DOING BUSINESS IN THIS STATE AND [THATTHE IS IN SERVICE] [THE CONSTRUCTION OF THE RENEWABLE ENERGY AND STORAGE EQUIPMENT WAS INITIATED]INITIATED FROM AND AFTER DECEMBER 31, [2026]2029, HouseONE AmendmentsHUNDRED toPERCENT H.B.OF THE DEPRECIATED COST OF THE EQUIPMENT.

2918 [2029], ONE HUNDRED PERCENT OF THE DEPRECIATED COST OF THE EQUIPMENT.

3.- 1 - H.B.

2918 3.

Enroll- and2 engross- to conform Amend title to conform MATT GRESS 2918FloorGRESS.docx 03/03/2026 11:11 AM H:

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