| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 89R3658 MLH-D | |
| 2 | 2 | By: Middleton S.B. No. 419 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | ||
| 6 | 6 | ||
| 7 | 7 | A BILL TO BE ENTITLED | |
| 8 | 8 | AN ACT | |
| 9 | 9 | relating to the determination of the market value of solar energy | |
| 10 | 10 | property for ad valorem tax purposes. | |
| 11 | 11 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 12 | 12 | SECTION 1. Section 23.26(d), Tax Code, is amended to read as | |
| 13 | 13 | follows: | |
| 14 | 14 | (d) To determine the market value of solar energy property | |
| 15 | 15 | using the cost method of appraisal, the chief appraiser shall: | |
| 16 | 16 | (1) use cost data obtained from generally accepted | |
| 17 | 17 | sources; | |
| 18 | 18 | (2) make any appropriate adjustment for physical, | |
| 19 | 19 | functional, or economic obsolescence and any other justifiable | |
| 20 | 20 | factor; and | |
| 21 | 21 | (3) calculate the depreciated value of the property by | |
| 22 | 22 | using a useful life of not less than 35 [that does not exceed 10] | |
| 23 | 23 | years. | |
| 24 | 24 | SECTION 2. Section 23.26(d), Tax Code, as amended by this | |
| 25 | 25 | Act, applies only to the appraisal for ad valorem tax purposes of | |
| 26 | 26 | solar energy property for a tax year that begins on or after the | |
| 27 | 27 | effective date of this Act. | |
| 28 | 28 | SECTION 3. This Act takes effect January 1, 2026. |