Relating to an exemption from ad valorem taxation of the amount of the appraised value of real property that arises from the installation or construction on the property of a generator that is primarily for the production and distribution of energy for on-site use.
Impact
If enacted, HB3390 would directly amend the Texas Tax Code, adding a new section that allows property owners who install qualifying electric generators to receive a tax exemption on the increased appraised value of their real estate. This legislative change is aimed at promoting the use of alternative energy sources and encouraging property owners to invest in on-site energy solutions, potentially reducing energy costs and reliance on the grid.
Summary
House Bill 3390 proposes an exemption from ad valorem taxation for the appraised value of real property that results from the installation or construction of electric generators. These generators are defined in the bill as devices converting mechanical energy into electrical energy, primarily intended for on-site energy production and distribution. It outlines specific criteria for qualifying generators, including being powered by various fuels like natural gas or biodiesel and enclosed within a sound attenuating structure.
Contention
A notable point of contention regarding HB3390 may stem from its potential effects on local government revenue through property taxes. While proponents argue that the tax incentive could spur economic development and promote cleaner energy practices, opponents may raise concerns regarding the long-term implications on public funding and the sustainability of such tax exemptions. Additionally, the necessity for voter approval of a constitutional amendment to authorize this exemption could affect its passage and subsequent implementation.
Enabling for
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation the amount of the appraised value of real property that arises from the installation or construction on the property of a generator that is primarily for the production and distribution of energy for on-site use.
Identical
Relating to an exemption from ad valorem taxation of the amount of the appraised value of real property that arises from the installation or construction on the property of a generator that is primarily for the production and distribution of energy for on-site use.
Relating to an exemption from ad valorem taxation of the amount of the appraised value of real property that arises from the installation in the property of certain energy efficiency-related improvements.
Relating to the exemption from ad valorem taxation of certain assets used for agricultural production and to the authority of a county commissioners court to adopt an exemption from ad valorem taxation by each taxing unit that taxes the property of the portion of the appraised value of a person's property that is attributable to the installation in or on the property of certain water conservation systems.
Relating to an exemption from ad valorem taxation of a portion of the appraised value of tangible personal property a person owns that is held or used for the production of income.
Relating to an exemption from ad valorem taxation of a portion of the appraised value of tangible personal property that is held or used for the production of income and a franchise tax credit for the payment of certain related ad valorem taxes.
Relating to the authority of a county commissioners court to adopt an exemption from ad valorem taxation by each taxing unit that taxes the property of the portion of the appraised value of a person's property that is attributable to the installation in or on the property of certain water conservation systems.
Relating to the authority of a county commissioners court to adopt an exemption from ad valorem taxation by each taxing unit that taxes the property of the portion of the appraised value of a person's property that is attributable to the installation in or on the property of certain water conservation systems.
Relating to an exemption from ad valorem taxation of a portion of the appraised value of a property that is the primary residence of an adult who has an intellectual or developmental disability and is related to the owner of the property within a certain degree by consanguinity.
Proposing a constitutional amendment to authorize the legislature to provide for an exemption from ad valorem taxation of the amount of the market value of real property that arises from the installation in the property of certain energy efficiency-related improvements.
Relating to an exemption from ad valorem taxation of a portion of the appraised value of a property other than a residence homestead that is the primary residence of an adult who has an intellectual or developmental disability and who must be related to the owner or trustee of the property within a certain degree by consanguinity.
Relating to a local option exemption from ad valorem taxation by a county or municipality of all or part of the appraised value of real property used to operate a child-care facility.