AMENDMENT FOR SENATE STATE AFFAIRS COMMITTEE ENGROSSED BILL
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___________________ moved that SB 131 be amended as follows:
On page 7, line 8 of the Senate State Affairs Committee engrossed bill, after "10-35-21" insert
"as provided by subdivision (6B)".
On page 7, line 14, after "10-35-21" insert "as provided by subdivision (6B)".
On page 7, line 17, after "10-35-21" insert "as provided by subdivision (6B)".
On page 8, between lines 9 and 10, insert:
"
(6B) "Wind energy tax revenue," any wind energy tax revenue apportioned to school districts
pursuant to § 10-35-21 from a wind farm producing power for the first time before July 1,
2016, shall be considered local effort pursuant to subdivision (6) and other revenue base
amount pursuant to subdivision (6A). However, any wind energy tax revenue apportioned
to a school district from a wind farm producing power for the first time after June 30,
2016, one hundred percent shall be retained by the school district to which the tax revenue
is apportioned for the first five years of producing power, eighty percent for the sixth year,
sixty percent for the seventh year, forty percent for the eighth year, twenty percent for the
ninth year, and zero percent thereafter;".