2001 REGULAR SESSION (71st)                                                                             A SB273 289

Amendment No. 289

 

Senate Amendment to Senate Bill No. 273                                                                         (BDR 32‑641)

Proposed by: Committee on Taxation

Amendment Box:

Resolves Conflicts with: N/A

Amends:         Summary:              Title:              Preamble:               Joint Sponsorship:

 

ASSEMBLY ACTION              Initial and Date              |SENATE ACTION                        Initial and Date

       Adopted       Lost                                               |          Adopted       Lost                                           

Concurred In                     Not                                                        |Concurred In  Not                                 

       Receded        Not                                               |         Receded        Not                                           

 

     Amend the bill as a whole by deleting sections 1 through 10 and adding new sections designated sections 1 through 3, following the enacting clause, to read as follows:

     “Section 1. Chapter 374 of NRS is hereby amended by adding thereto a new section to read as follows:

     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 or system designed or adapted to use renewable energy to generate electricity 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.

FLUSH
 
The term does not include coal, natural gas, oil, propane or any other fossil fuel, or nuclear energy.

     (d) “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.  NRS 374.265 is hereby amended to read as follows:

     “Exempted from the taxes imposed by this chapter,” as used in NRS 374.265 to 374.355, inclusive, and section 1 of this act, means exempted from the computation of the amount of taxes imposed.”.

     Sec. 3.  1.  This section become 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.”.

     Amend the title of the bill to read as follows:

“AN ACT relating to taxation; exempting from the local school support tax and certain analogous taxes certain systems designed or adapted to use renewable energy to generate electricity; and providing other matters properly relating thereto.”.

     Amend the summary of the bill to read as follows:

“SUMMARY¾Exempts from local school support tax and certain analogous taxes certain systems designed or adapted to use renewable energy to generate electricity. (BDR 32‑641)”.