Arizona legislation · Fifty-seventh Legislature - Second Regular Session (2026)
Arizona HB2918: renewable energy equipment; valuation; depreciation
Status: Failed, April 14, 2026
HB2918 - renewable energy equipment; valuation; depreciation
What the bill says
An act amending section 42-14155, Arizona Revised Statutes; relating to valuation of centrally assessed property.
From the engrossed text, February 26, 2026:
AN ACT amending section 42-14155, Arizona Revised Statutes; relating to valuation of centrally assessed property. (TEXT OF BILL BEGINS ON NEXT PAGE) Be it enacted by the Legislature of the State of Arizona: Section [DELETED: 1.] 1. Section 42-14155, Arizona Revised Statutes, is amended to definitions A. Through December 31, 2040, the department shall determine the full cash value of taxable renewable energy and storage equipment in the manner prescribed by this section. B. Subject to subsection C of this section, the full cash value of renewable energy and storage equipment is the following: 1. For renewable energy and storage equipment that is not owned by or wholly subject to an exclusive power purchase agreement with a public service corporation or public power entity doing business in this state, one hundred percent of the depreciated cost of the equipment. For the purposes of this paragraph, depreciated cost shall be determined by deducting depreciation from original cost. 2. For renewable energy and storage equipment that is owned by or wholly subject to an exclusive power purchase agreement with a public service corporation or public power entity doing business in this state and the construction of the renewable energy and storage equipment was initiated before January 1, 2030, twenty percent of the depreciated cost of the equipment. For the purposes of this …
Sponsors
- Marshall, Sr., David (R, HD-007) · primary sponsor
- Ralph Heap (R, HD-010)
Latest actions
- : Senate Committee of the Whole
- : do pass
- : Senate read second time
- : Rules: proper for consideration
- : Assigned to Rules
- : Finance: do pass
- : Assigned to Finance
- : Transmitted to Senate
- : do pass amended
- : Passed
Votes
- FIN DP (March 23, 2026): 4 yea, 2 nay, passed
- THIRD Passed (March 3, 2026): 32 yea, 24 nay, passed
- THIRD failed to pass (February 26, 2026): 28 yea, 25 nay, failed
- RULES C&P (February 23, 2026): 6 yea, 0 nay, passed
- NREW DP (February 17, 2026): 5 yea, 3 nay, passed
Common questions
- What is HB2918?
- HB2918 is a bill in the Arizona Legislature (Fifty-seventh Legislature - Second Regular Session (2026)): renewable energy equipment; valuation; depreciation.
- What does HB2918 do?
- In its own words: An act amending section 42-14155, Arizona Revised Statutes; relating to valuation of centrally assessed property.
- What is the status of HB2918?
- Failed as of April 14, 2026. Latest action: Senate Committee of the Whole (April 14, 2026).
- Who sponsored HB2918?
- Marshall, Sr., David (R, HD-007), with 1 co-sponsor.
- Where is the official record for HB2918?
- On the Arizona Legislature website: https://apps.azleg.gov/BillStatus/BillOverview/84821/?SessionId=130
Source: official Arizona record. Tracked by Delilah, AI for legislation across all 50 states and Congress.