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.
Impact
If passed, this constitutional amendment could have significant effects on state laws governing property taxation. It would specifically alter current statutes related to taxation on property improvements and introduce new parameters for energy-related property exemptions. This could incentivize local businesses and homeowners to invest in energy-generating systems, ultimately contributing to state goals for energy efficiency and reduced reliance on fossil fuels. The exemption would also align with broader state initiatives to promote renewable energy resources and reduce overall energy costs for consumers.
Summary
HJR157 proposes a constitutional amendment to allow the Texas legislature to exempt from ad valorem taxation the appraised value of real property that results from the installation or construction of energy-generating equipment intended primarily for on-site use. This amendment aims to encourage investment in localized energy solutions, such as solar and wind-powered generators, thereby promoting energy independence and sustainability within Texas communities. The goal is to facilitate the lower cost and increased feasibility of clean energy projects intended for personal or business use without the burden of additional property taxes.
Contention
Notably, there may be points of contention surrounding the implementation of this bill. Opponents might argue that the exemption could lead to reductions in tax revenue for local governments, which could affect funding for public services and infrastructure. Supporters, however, contend that the long-term benefits associated with increased energy independence and reduced environmental impact justify the initial loss in tax revenue. The discussion surrounding HJR157 may also involve debates on the balance between promoting renewable energy and the fiscal responsibilities of local governments within Texas.
Enabled by
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.
Identical
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.
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 the amount of the appraised value of real property that arises from the installation in the property of certain energy efficiency-related improvements.
Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value for ad valorem tax purposes and exempt from ad valorem taxation a portion of the market value of rental real property that primarily serves as the residence of the occupants of the property.
Proposing a constitutional amendment to authorize the legislature to exempt from ad valorem taxation the portion of the assessed value of a person's property that is attributable to the installation or construction in or on the property of border security infrastructure.
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation income-producing tangible personal property having a value of less than a certain amount.
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation income-producing tangible personal property having a value of less than a certain amount.
Proposing a constitutional amendment to authorize the legislature to exempt from ad valorem taxation a portion of the market value of tangible personal property a person owns that is held or used for the production of income.
Proposing a constitutional amendment to authorize the legislature to exempt from ad valorem taxation a portion of the market value of tangible personal property a person owns that is held or used for the production of income.
Proposing a constitutional amendment authorizing the legislature to permit the owner of a parcel of real property that is located in more than one county to elect to have the property appraised for ad valorem taxation by the appraising entity for one of those counties.
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.