Colo. Rev. Stat. § 39-26-724

Current through Acts effective through 6/7/2024 of the 2024 Legislative Session

Section 39-26-724 - Components used to produce energy from a renewable energy source - definitions

(1)

(a) For fiscal years commencing on or after July 1, 2006, all sales, storage, and use of components used in the production of alternating current electricity from a renewable energy source, including but not limited to wind, shall be exempt from taxation under parts 1 and 2 of this article.

(b) and (c) Repealed.

(2) As used in this section:

(a) and (a.5) Repealed.

(b)

(I) "Components used in the production of alternating current electricity from a renewable energy source" shall include, but shall not be limited to, wind turbines, rotors and blades, solar modules, trackers, generating equipment, supporting structures or racks, inverters, towers and foundations, balance of system components such as wiring, control systems, switchgears, and generator step-up transformers, and concentrating solar power components that include, but are not limited to, mirrors, plumbing, and heat exchangers.

(II) "Components used in the production of alternating current electricity from a renewable energy source" shall not include any components beyond the point of generator step-up transformers located at the production site, labor, energy storage devices, or remote monitoring systems.

(c) Repealed.

C.R.S. § 39-26-724

Amended by 2022 Ch. 202,§7, eff. 8/10/2022.

L. 2008: Entire section added, p. 1320, § 4, effective May 27. L. 2009: Entire section amended, (HB 09-1126), ch. 254, p. 1148, §3, effective May 15. L. 2014: (1)(c) and (2)(a.5) added and (2)(a) amended, (HB 14-1159), ch. 229, p. 850, § 1, effective May 17.

Subsections (1)(c)(II) and (2)(a)(II) provided for the repeal of subsections (1)(c) and (2)(a), respectively, effective July 1, 2019. (See L. 2014, p. 850.)

2022 Ch. 202, was passed without a safety clause. See Colo. Const. art. V, § 1(3).

(1) For the legislative intent contained in the 2008 act enacting this section, see section 9 of chapter 302, Session Laws of Colorado 2008. (2) For the legislative declaration contained in the 2009 act amending this section, see section 1 of chapter 254, Session Laws of Colorado 2009.