10-35-1.6. Amount of tax exemption during construction of qualifying power generation facility.
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/sd/title-10/chapter-10-35/10-35-1-6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
During the construction period of a qualifying power generation facility, the exemption provided in § 10-35-1.5 shall be as follows:
(1)For the first legal assessment date after the construction date of the power generation facility, as provided in § 10-35-9 , upon all value in excess of ten percent of the amount provided in § 10-35-1.5 ;
(2)For the second legal assessment date after the construction date of the power generation facility, as provided in § 10-35-9 , upon all value in excess of twenty percent of the amount provided in § 10-35-1.5 ; and
(3)For the third and subsequent legal assessment dates after the construction date of the power generation facility, as provided in § 10-35-9 , upon all value in excess of thirty percent of the amount provided in § 10-35-1.5 .