Newsom Signs California Solar Industry Property Tax Break Fix

Sept. 10, 2020, 7:18 PM

The solar energy industry is carved out of a California commercial property tax increase that is up for voter approval in November, under a bill signed by Gov. Gavin Newsom.

The Democratic governor signed S.B. 364 by Sen. Holly Mitchell (D) late Wednesday to fix a mistake in the ballot measure, Proposition 15, that would inadvertently end an existing property tax exclusion for newly constructed solar systems.

  • The solar industry has said the bill is necessary to keep California on track to reach clean energy goals and keep solar projects on solid financial footing.
  • Business groups and ...

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