Modifies and creates new provisions relating to electric utilities

SB 6 modifies state law regarding personal property tax assessments. The bill specifically reduces the assessment percentage for certain solar energy equipment, including solar panels, racking systems, and inverters. These components, when part of solar photovoltaic energy systems constructed and producing energy prior to August 9, 2022, will be assessed at five percent of their true value. This change directly affects owners of eligible solar installations, potentially reducing their property tax burden on this equipment.