Bill Text: TX HB2500 | 2013-2014 | 83rd Legislature | Enrolled
Bill Title: Relating to the appraisal for ad valorem tax purposes of solar energy property.
Sponsorship: Bipartisan Bill
Status: (Passed) 2013-06-14 - Effective on 1/1/14 [HB2500 Detail]
Download: Texas-2013-HB2500-Enrolled.html
| H.B. No. 2500 | ||
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| relating to the appraisal for ad valorem tax purposes of solar | ||
| energy property. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter B, Chapter 23, Tax Code, is amended by | ||
| adding Section 23.26 to read as follows: | ||
| Sec. 23.26. SOLAR ENERGY PROPERTY. (a) In this section, | ||
| "solar energy property" means a "solar energy device" as defined by | ||
| Section 11.27(c)(1) that is used for a commercial purpose, | ||
| including a commercial storage device, power conditioning | ||
| equipment, transfer equipment, and necessary parts for the device | ||
| and equipment. | ||
| (b) This section applies only to solar energy property that | ||
| is constructed or installed on or after January 1, 2014. | ||
| (c) The chief appraiser shall use the cost method of | ||
| appraisal to determine the market value of solar energy property. | ||
| (d) To determine the market value of solar energy property | ||
| using the cost method of appraisal, the chief appraiser shall: | ||
| (1) use cost data obtained from generally accepted | ||
| sources; | ||
| (2) make any appropriate adjustment for physical, | ||
| functional, or economic obsolescence and any other justifiable | ||
| factor; and | ||
| (3) calculate the depreciated value of the property by | ||
| using a useful life that does not exceed 10 years. | ||
| (e) The chief appraiser may not in any tax year determine | ||
| the depreciated value under Subsection (d)(3) to be less than 20 | ||
| percent of the value computed after making appropriate adjustments | ||
| under Subsection (d)(2) to the value determined under Subsection | ||
| (d)(1). | ||
| SECTION 2. This Act applies only to an ad valorem tax year | ||
| that begins on or after the effective date of this Act. | ||
| SECTION 3. This Act takes effect January 1, 2014. | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I certify that H.B. No. 2500 was passed by the House on May | ||
| 10, 2013, by the following vote: Yeas 132, Nays 3, 2 present, not | ||
| voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| I certify that H.B. No. 2500 was passed by the Senate on May | ||
| 21, 2013, by the following vote: Yeas 28, Nays 3. | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| APPROVED: _____________________ | ||
| Date | ||
| _____________________ | ||
| Governor | ||
