| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 89R5705 CJD-D | |
| 2 | 2 | By: Money H.B. No. 3017 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | ||
| 6 | 6 | ||
| 7 | 7 | A BILL TO BE ENTITLED | |
| 8 | 8 | AN ACT | |
| 9 | 9 | relating to imposing an additional franchise tax on certain solar | |
| 10 | 10 | and wind energy producers. | |
| 11 | 11 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 12 | 12 | SECTION 1. Subchapter A, Chapter 171, Tax Code, is amended | |
| 13 | 13 | by adding Section 171.0012 to read as follows: | |
| 14 | 14 | Sec. 171.0012. ADDITIONAL TAX: SOLAR AND WIND ENERGY | |
| 15 | 15 | PRODUCERS. (a) An additional tax is imposed on a taxable entity | |
| 16 | 16 | that is a solar or wind energy producer with a capacity of more than | |
| 17 | 17 | 1 megawatt. | |
| 18 | 18 | (b) The additional tax is equal to the sum of the amounts of | |
| 19 | 19 | all benefits the taxable entity received during the reporting | |
| 20 | 20 | period from: | |
| 21 | 21 | (1) a federal subsidy; | |
| 22 | 22 | (2) a federal tax credit; or | |
| 23 | 23 | (3) another federal benefit or tax preference. | |
| 24 | 24 | (c) A taxable entity that receives a benefit described by | |
| 25 | 25 | Subsection (b) during a reporting period shall: | |
| 26 | 26 | (1) file a report under Section 171.201 or 171.202, as | |
| 27 | 27 | applicable, regardless of whether the entity would otherwise have | |
| 28 | 28 | been exempt from filing the report as provided by Section 171.2022; | |
| 29 | 29 | and | |
| 30 | 30 | (2) include on the report the dollar amount of each of | |
| 31 | 31 | those benefits the entity received during the reporting period. | |
| 32 | 32 | SECTION 2. Section 171.0012, Tax Code, as added by this Act, | |
| 33 | 33 | applies only to a report originally due on or after the effective | |
| 34 | 34 | date of this Act. | |
| 35 | 35 | SECTION 3. This Act takes effect January 1, 2026. |