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