HB 5442: AN ACT CONCERNING THE PROPERTY TAX EXEMPTION FOR AND TAX AGREEMENTS RELATED TO CERTAIN CLASS I RENEWABLE ENERGY SOURCES.
HB 5442 status: Enacted — SIGNED BY GOVERNOR (updated Jun 4, 2026).
What this bill does
Overall score
Bill summary
OfficialAN ACT CONCERNING THE PROPERTY TAX EXEMPTION FOR AND TAX AGREEMENTS RELATED TO CERTAIN CLASS I RENEWABLE ENERGY SOURCES.. Currently in House.
Key analysis
Impact analysis
Environment
Benefits
- Incentivizes adoption of Class I renewable energy
- Supports transition to sustainable power sources
Risks
- Potential for localized siting disputes
Economy
Benefits
- Provides clarity for developers on tax agreements
- Encourages renewable energy investment
Risks
- Potential reduction in municipal tax revenue
- Risk of tax burden shifting to other property owners
Society
Benefits
- Promotes cleaner energy access
Risks
- Potential conflict between municipal budgets and clean energy goals
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
Property tax exemptions may create fiscal challenges for municipalities dependent on current property assessment structures
Analysis based on abstract only; full text specifics regarding tax agreement caps are unavailable
Where it stands
Introduced
CompleteCommittee
CompleteFloor
CompleteGovernor
CompleteEnacted
CompleteHow it affects your district
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