Bill Text: TX SB1278 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to the appraisal for ad valorem tax purposes of solar energy property.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2013-04-15 - Left pending in subcommittee [SB1278 Detail]
Download: Texas-2013-SB1278-Introduced.html
83R6631 TJB-F | ||
By: Watson | S.B. No. 1278 |
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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" has the meaning assigned to "solar energy | ||
device" by Section 11.27(c)(1) and includes commercial storage | ||
devices, power conditioning equipment, transfer equipment, and | ||
necessary parts for the devices and equipment. | ||
(b) The chief appraiser shall use the cost method of | ||
appraisal to determine the market value of solar energy property. | ||
(c) 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 | ||
(3) calculate the depreciated value of the property by | ||
using a useful life that does not exceed five years. | ||
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. |