Senate Bill No. 489–Committee on Natural Resources

 

CHAPTER..........

 

AN ACT relating to taxation; exempting from the local school support tax and certain analogous taxes solar thermal energy systems and solar lighting systems that reduce the consumption of electricity or any fossil fuel; delaying the prospective expiration of the exemption from those taxes for systems that use renewable energy to generate electricity; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN

SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

 

    Section 1. NRS 374.307 is hereby amended to read as follows:

    374.307  1.  There are exempted from the taxes imposed by

 this chapter the gross receipts from the sale of, and the storage, use

 or other consumption in this state of, any [product] :

    (a) Product or system designed or adapted to use renewable

 energy to generate electricity and all of its integral components.

    (b) Solar thermal energy system that reduces the consumption

 of electricity or any fossil fuel, and all of its integral components.

    (c) Solar lighting system that reduces the consumption of

 electricity or any fossil fuel, and all of its integral components.

    2.  As used in this section:

    (a) “Biomass” means any organic matter that is available on a

 renewable basis, including, without limitation:

        (1) Agricultural crops and agricultural wastes and residues;

        (2) Wood and wood wastes and residues;

        (3) Animal wastes;

        (4) Municipal wastes; and

        (5) Aquatic plants.

    (b) “Fuel cell” means a device or contrivance that, through the

 chemical process of combining ions of hydrogen and oxygen,

 produces electricity and water.

    (c) “Renewable energy” means a source of energy that occurs

 naturally or is regenerated naturally, including, without limitation:

        (1) Biomass;

        (2) Fuel cells;

        (3) Geothermal energy;

        (4) Solar energy;

        (5) Waterpower; and

        (6) Wind.

The term does not include coal, natural gas, oil, propane or any

 other fossil fuel, or nuclear energy.

    (d) “Solar lighting system” means a system of related

 components that:

        (1) Uses solar energy to provide indoor lighting; and

        (2) Is designed to work as an integral package such that the

 system is not complete without one of its related components.

    (e) “Solar thermal energy system” means a system of related

 components that:

        (1) Uses solar radiation to heat water; and

        (2) Is designed to work as an integral package such that the

 system is not complete without one of its related components.

    (f) “System designed or adapted to use renewable energy to

 generate electricity” means a system of related components:

        (1) From which at least 75 percent of the electricity

 generated is produced from one or more sources of renewable

 energy; and

        (2) That is designed to work as an integral package such that

 the system is not complete without one of its related components.

    Sec. 2.  Section 3 of chapter 330, Statutes of Nevada 2001, at

 page 1538, is hereby amended to read as follows:

    Sec. 3.  1.  This section becomes effective on July 1,

 2001.

    2.  Sections 1 and 2 of this act become effective on

July 1, 2001, for the purpose of adopting regulations and on

 January 1, 2002, for all other purposes.

    3.  This act expires by limitation on June 30, [2003.]

 2005.

    Sec. 3.  1.  This section and section 2 of this act become

 effective upon passage and approval.

    2.  Section 1 of this act becomes effective on July 1, 2003, and

 expires by limitation on June 30, 2005.

 

²⁰~~~~~⁰³