Texas Senate Bill SB832

Texas 2009 - 81st Regular

Caption

Relating to the exemption from ad valorem taxation for certain solar or wind-powered energy devices.

Impact

The enactment of SB832 would significantly impact property tax law as it applies to renewable energy installations. Homeowners or businesses that install solar or wind-powered devices may find relief from property taxes, incentivizing the adoption of cleaner energy sources. This aligns with broader state and national goals of promoting renewable energy and reducing dependence on fossil fuels. By incentivizing the installation of renewable energy systems, the bill could also contribute to economic growth and job creation in the green technology sector.

Summary

Senate Bill 832 addresses the exemption from ad valorem taxation for certain solar and wind-powered energy devices in the state of Texas. The bill proposes an amendment to the Tax Code, specifically adding a new subsection that relates to properties qualifying for exemption under Section 11.13, which pertains to general property exemptions. The intent of this amendment is to align the treatment of exemptions for renewable energy devices with existing property tax regulations that benefit these installations.

Contention

While the bill promotes renewable energy, it may raise concerns regarding the impact on local tax revenues, as municipalities and counties depend on these funds for public services. Opponents might argue that exemptions could strain budgets unless offset by state funding or other revenue sources. Additionally, discussions may arise about whether such tax incentives adequately balance private benefits with public costs, especially considering the broader implications for energy policy and environmental responsibility.