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House Bill 2712 |
House Author: Perez et al. |
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Effective: 1-1-14 |
Senate Sponsor: Taylor |
House Bill 2712 amends the Tax Code to entitle the owner of an energy storage system to a property tax exemption for that system if the exemption is officially adopted by the taxing unit's governing body and if the system meets or exceeds applicable air quality regulations; is located in an area designated as a nonattainment area under the federal Clean Air Act and in a municipality with a population of at least 100,000 adjacent to a municipality with a population of more than two million; has a capacity of at least 10 megawatts; and is installed on or after January 1, 2014. The bill excludes the taxable value of an energy storage system exempted for the current tax year for the first time from the determination of the current total value of property listed on a taxing unit's appraisal roll.