AN ACT CONCERNING PROPERTY TAX EXEMPTIONS FOR SOLAR PROJECTS.

SB 699 requires that when a landowner divides a property of five acres or more into smaller lots (each under five acres) specifically for leasing to solar projects, the entire divided area must be treated as a single property for property tax calculations. This directly affects solar developers and landowners who split large parcels for leasing, preventing them from artificially reducing tax liability by creating multiple small lots. The bill mandates that each leased solar lot must have its own separate access points (ingress and egress), ensuring practical operational requirements. The law aims to standardize tax treatment for large-scale solar developments while maintaining site accessibility.