LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 80TH LEGISLATIVE REGULAR SESSION

April 25, 2007

TO:	Honorable Steve Ogden, Chair, Senate Committee on Finance
FROM:	John S. O'Brien, Director, Legislative Budget Board
IN RE:	SB504 by Wentworth (Relating to the exemption from ad valorem taxation for certain solar or wind-powered energy devices.), As Introduced

No fiscal implication to the State is anticipated.

The bill would amend Section 11.27 of the Tax Code to provide for a one-time, rather than annual, exemption application for solar or wind-powered devices installed or constructed on property used primarily for the production and distribution of energy for on-site use.

Because the state is constitutionally prohibited from imposing a state property tax, there would be no direct fiscal impact on the state.

This bill would take effect January 1, 2008.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

304 Comptroller of Public Accounts

LBB Staff:

JOB, CT, SD, SJS