Bill Text: TX HB205 | 2021 | 87th Legislature 1st Special Session | Introduced
Bill Title: Relating to a credit against the ad valorem taxes imposed on property on which certain solar energy devices have been installed.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2021-07-09 - Filed [HB205 Detail]
Download: Texas-2021-HB205-Introduced.html
| By: Crockett | H.B. No. 205 | |
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| relating to a credit against the ad valorem taxes imposed on | ||
| property on which certain solar energy devices have been installed. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Chapter 31, Tax Code, is amended by adding | ||
| Section 31.039 to read as follows: | ||
| Sec. 31.039. TAX CREDIT FOR SOLAR ENERGY DEVICE ACQUISITION | ||
| AND INSTALLATION COSTS. (a) In this section, "solar energy device" | ||
| has the meaning assigned by Section 11.27. | ||
| (b) A person who owns real property and installs a solar | ||
| energy device on the property is entitled to a credit against the | ||
| taxes imposed on the property by each taxing unit that taxes the | ||
| property. | ||
| (c) The amount of the credit to which a property owner is | ||
| entitled under this section against the taxes imposed in a tax year | ||
| on the property by a taxing unit is computed by: | ||
| (1) dividing the amount of taxes imposed on the | ||
| property by the taxing unit by the total amount of taxes imposed on | ||
| the property by all of the taxing units that tax the property; and | ||
| (2) multiplying the amount determined under | ||
| Subdivision (1) by the lesser of the following amounts: | ||
| (A) an amount equal to one-sixth of the total | ||
| cost incurred by the property owner in acquiring the solar energy | ||
| device and installing the device on the property; or | ||
| (B) $2,500. | ||
| (d) A property owner may receive a credit under this section | ||
| against the taxes imposed on the property by a taxing unit until the | ||
| first tax year after the sixth tax year in which the property owner | ||
| receives the credit. | ||
| (e) To receive a credit under this section, a property owner | ||
| must file an application with the chief appraiser of the appraisal | ||
| district in which the property is located. The application must | ||
| include the total cost incurred by the property owner in acquiring | ||
| and installing the solar energy device. | ||
| (f) The chief appraiser shall forward a copy of the | ||
| application to the assessor for each taxing unit that taxes the | ||
| property. The assessors for the taxing units shall consult with one | ||
| another as necessary to compute the amount of the credit to be | ||
| granted by each taxing unit. | ||
| (g) A credit provided by this section, once allowed, need | ||
| not be claimed in subsequent years and applies to the property | ||
| regardless of any subsequent change in ownership of the property. | ||
| (h) The comptroller shall adopt rules for the | ||
| administration of this section, including rules prescribing the | ||
| form of an application for the credit. | ||
| SECTION 2. This Act applies only to ad valorem taxes imposed | ||
| for a tax year beginning on or after the effective date of this Act. | ||
| SECTION 3. This Act takes effect January 1, 2022, but only | ||
| if the constitutional amendment proposed by the 87th Legislature, | ||
| Regular Session, 2021, to authorize the legislature to provide for | ||
| a credit against the ad valorem taxes imposed on property on which a | ||
| solar energy device has been installed based on the cost of | ||
| acquiring and installing the device is approved by the voters. If | ||
| that amendment is not approved by the voters, this Act has no | ||
| effect. | ||
