Tax & Accounting Blog

District of Columbia Enacts A Cogeneration Equipment Exemption

Indirect Tax, ONESOURCE, ONESOURCE Property Tax August 10, 2012

The District of Columbia has enacted the “Cogeneration Equipment Personal Property Tax Exemption Emergency Act of 2012.” Cogeneration equipment, which is defined as equipment that produces both electric energy and useful heat or steam energy, is exempt when it serves developments of more than 1 million square feet and when the fuel used to generate electricity is already subject to District tax. This exemption begins October 1, 2016. (Reference: L. 2012, Act 19-414, effective 07/25/2012).