HB3586 - Relating to the authority of a taxing unit to enter into an agreement under the Property Redevelopment and Tax Abatement Act to exempt from ad valorem taxation a portion of the value of property on which a solar power facility is located or is planned to be located.

  89R12977 CJC-D     By: McLaughlin H.B. No. 3586       A BILL TO BE ENTITLED   AN ACT   relating to the authority of a taxing unit to enter into an   agreement under the Property Redevelopment and Tax Abatement Act to   exempt from ad valorem taxation a portion of the value of property   on which a solar power facility is located or is planned to be   located.          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 CERTAIN   SOLAR POWER FACILITY PROPERTY. (a) In this section, "solar power   facility" means a facility designed and used primarily for the   purpose of collecting, generating, or storing solar energy.           (b)     This section applies only to a solar power facility that   has or will have a generation or storage capacity of 10 megawatts or   more.           (c)     The governing body of a taxing unit may not enter into an   agreement under this chapter to exempt from taxation a portion of   the value of real property on which a solar power facility is   located or is planned to be located during the term of the   agreement, or of tangible personal property that is located or is   planned to be located on the real property during that term.          SECTION 2.  The change in law made by this Act applies only   to an agreement entered into under Chapter 312, Tax Code, on or   after the effective date of this Act.          SECTION 3.  This Act takes effect September 1, 2025.