87R10937 LHC-D
By: Birdwell S.B. No. 1256
A BILL TO BE ENTITLED
AN ACT
relating to the eligibility of certain property for an ad valorem
tax abatement under the Property Redevelopment and Tax Abatement
Act if certain renewable energy devices are installed or
constructed on the property.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter A, Chapter 312, Tax Code, is amended
by adding Section 312.0022 to read as follows:
Sec. 312.0022. PROHIBITION ON ABATEMENT OF TAXES ON
PROPERTY WITH CERTAIN RENEWABLE ENERGY DEVICES INSTALLED OR
CONSTRUCTED. (a) In this section:
(1) "Solar energy device" has the meaning assigned by
Section 11.27.
(2) "Wind-powered energy device" has the meaning
assigned by Section 11.27.
(b) Notwithstanding any other provision of this chapter, an
owner or lessee of a parcel of real property that is located wholly
or partly in a reinvestment zone may not receive an exemption from
taxation of any portion of the value of the parcel of real property
or of tangible personal property located on the parcel of real
property under a tax abatement agreement under this chapter that is
entered into on or after September 1, 2021, if, on or after that
date, a solar energy device or wind-powered energy device is
installed or constructed on the same parcel of real property. The
prohibition provided by this section applies regardless of whether
the solar energy device or wind-powered energy device is installed
or constructed at a location that is in the reinvestment zone.
SECTION 2. This Act takes effect September 1, 2021.