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AN ACT
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relating to the appraisal for ad valorem tax purposes of solar |
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energy property. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter B, Chapter 23, Tax Code, is amended by |
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adding Section 23.26 to read as follows: |
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Sec. 23.26. SOLAR ENERGY PROPERTY. (a) In this section, |
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"solar energy property" means a "solar energy device" as defined by |
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Section 11.27(c)(1) that is used for a commercial purpose, |
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including a commercial storage device, power conditioning |
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equipment, transfer equipment, and necessary parts for the device |
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and equipment. |
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(b) This section applies only to solar energy property that |
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is constructed or installed on or after January 1, 2014. |
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(c) The chief appraiser shall use the cost method of |
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appraisal to determine the market value of solar energy property. |
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(d) To determine the market value of solar energy property |
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using the cost method of appraisal, the chief appraiser shall: |
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(1) use cost data obtained from generally accepted |
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sources; |
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(2) make any appropriate adjustment for physical, |
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functional, or economic obsolescence and any other justifiable |
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factor; and |
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(3) calculate the depreciated value of the property by |
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using a useful life that does not exceed 10 years. |
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(e) The chief appraiser may not in any tax year determine |
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the depreciated value under Subsection (d)(3) to be less than 20 |
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percent of the value computed after making appropriate adjustments |
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under Subsection (d)(2) to the value determined under Subsection |
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(d)(1). |
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SECTION 2. This Act applies only to an ad valorem tax year |
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that begins on or after the effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2014. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 2500 was passed by the House on May |
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10, 2013, by the following vote: Yeas 132, Nays 3, 2 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 2500 was passed by the Senate on May |
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21, 2013, by the following vote: Yeas 28, Nays 3. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: _____________________ |
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Date |
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_____________________ |
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Governor |