| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to the exemption from ad valorem taxation of certain |
|
|
energy efficiency-related improvements to real or personal |
|
|
property. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Subchapter B, Chapter 11, Tax Code, is amended by |
|
|
adding Section 11.34 to read as follows: |
|
|
Sec. 11.34. ENERGY EFFICIENCY-RELATED IMPROVEMENTS TO |
|
|
PROPERTY. (a) A person is entitled to an exemption from taxation of |
|
|
the amount of the appraised value of real or personal property owned |
|
|
by the person that arises from the installation of an energy |
|
|
efficiency-related improvement that is permanently attached to or |
|
|
incorporated in the property. |
|
|
(b) The comptroller, with the assistance of the State Energy |
|
|
Conservation Office or its successor, shall develop guidelines to |
|
|
assist local officials in the administration of this section. |
|
|
SECTION 2. As soon as practicable after the effective date |
|
|
of this Act, the comptroller, with the assistance of the State |
|
|
Energy Conservation Office, shall develop the guidelines required |
|
|
by Section 11.34, Tax Code, as added by this Act. |
|
|
SECTION 3. This Act takes effect January 1, 2010, but only |
|
|
if the constitutional amendment to authorize the legislature to |
|
|
exempt from ad valorem taxation certain energy efficiency-related |
|
|
improvements to real or personal property is approved by the |
|
|
voters. If that amendment is not approved by the voters, this Act |
|
|
has no effect. |