Taxation Exemption - Alternative Energy Systems

TAXATION EXEMPTION--ALTERNATIVE ENERGY SYSTEMS--LEGISLATIVE CONSTITUTIONAL AMENDMENT. Adds section 38 to article XIII of Constitution to provide that Legislature may exempt from taxation all or any part of property used as alternative energy system which is not based on fossil fuels or nuclear fuels. Financial impact: Revenue loss to local governments during exemption period; could result in increase in local government revenues thereafter. Minor local administrative costs