H.R. 5181 · 115th Congress
Local Taxpayer Protection Act of 2018
- Stage
- In committee
- Sponsor
- John Faso
- Introduced
- 2018-03-06
- Latest action
- 2018-03-09 · Referred to the Subcommittee on Energy.
Summary
Local Taxpayer Protection Act of 2018
This bill requires certain hydropower facility licensees to make an annual payment of $1.8 million to the county in which the licensed hydropower facility is located. Subsequent payments must increase by 2% of the preceding annual payment.
The fee applies to a state, or a subdivision of the state, that (1) received a license for a pumped-storage facility, and (2) filed for the license in April 2017.