STATE OF NEVADA DEPARTMENT OF TAXATION ...

1 STATE OF NEVADA . DEPARTMENT OF TAXATION RENO OFFICE. 4600 Kietzke Lane Web Site: Building L, Suite 235. Reno, NEVADA 89502. 1550 College Parkway, Suite 115 Phone: (775) 687-9999. Carson City, NEVADA 89706-7937 Fax: (775) 688-1303. Phone: (775) 684-2000 Fax: (775) 684-2020. BRIAN SANDOVAL. Governor LAS VEGAS OFFICE HENDERSON OFFICE. ROBERT R. BARENGO Grant Sawyer Office Building, Suite1300 2550 Paseo Verde Parkway, Suite 180. Chair, NEVADA Tax Commission 555 E. Washington Avenue Henderson, NEVADA 89074. CHRISTOPHER G. NIELSEN Las Vegas, NEVADA 89101 Phone: (702) 486-2300. Interim Executive Director Phone: (702) 486-2300 Fax: (702) 486-2373 Fax: (702) 486-3377.

2 FISCAL IMPACT. Renewable Energy Partial Abatement of Sales/Use Taxes December 2, 2013. Copper Mountain Solar 3, LLC. In accordance with the provisions NRS 701A of the NEVADA Revised Statutes, Copper Mountain Solar 3, LLC has requested a Sales and Use Tax Abatement for their Renewable Energy Project. This project is located in Clark County. Upon approval, this project would be granted a partial abatement of Sales and Use Tax for a period of three years, commencing on the date of approval. The NEVADA STATE Office of Energy has provided to the DEPARTMENT of TAXATION a completed copy of the Renewable Energy Tax Abatements Application for this project.

3 According to Schedule 6 of this application, Copper Mountain Solar 3, LLC will purchase a total of $304,800,960 worth of tangible, personal property subject to Sales and/or Use Tax during the first year of the abatement period. At the current Sales or Use Tax rate for Clark County, the full Sales Tax for these purchases would be $24,688, less any applicable collection allowance. According to Schedule 7 of this application form, Copper Mountain Solar 3, LLC will purchase $61,399,542 worth of tangible, personal property subject to Sales and/or Use Tax during the second year of the abatement period.

4 Schedule 8 shows $422,000 of tangible, personal property subject to Sales/and or Use Tax will be purchased during the third year. Based on this information, the DEPARTMENT of TAXATION projects the following Sales Tax related fiscal impact for the three years of the abatement period. Tax Rate First Year Second Year Third Year Sales Tax JULY 1, 2013 - Component JUNE 30, JULY 1, 2014 - JULY 1, 2015 - 2014 JUNE 30, 2015 JUNE 30, 2016 TOTAL. Sales/Use Tax (General Fund) $6,096, $1,227, $8, $7,332, Local School Support Tax $7,924, $1,596, $10, $9,532, Basic City Relief $1,524, $306, $2, $1,833, Supp.

5 City County Relief $5,334, $1,074, $7, $6,415, County Option $3,810, $767, $5, $4,582, *Local School Support Tax Rate paid at time of purchase is subject to current rate in Statute Total Amount Abated 1st year $16,764, ( STATE & Local/County): 2nd year $3,376, 3rd year $23, Total $20,164, Total Amount Abated 1st year $10,668, (Local/County Only): 2nd year $2,148, 3rd year $14, Total $12,831, 2.