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A JOINT RESOLUTION
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proposing a constitutional amendment to provide property tax |
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abatement for home and business owners who install solar panels on |
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their homes or businesses. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1-c, Article VIII of the Texas Constitution is added. |
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This proposed constitutional amendment shall be submitted to the |
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voters at an election to be held November 3, 2009. The ballot shall |
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be printed to permit [or "provide for"] voting for or against the |
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proposition: " The constitutional amendment shall allow the |
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legislature by general law to exempt property from ad valorem |
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taxation and business franchise taxes in the amount necessary to |
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pay for the installation of solar panels on said property. This tax |
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credit may be claimed until such purchase and installation costs |
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are extinguished or for a period no longer than five years from the |
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date the exemption is first claimed whichever comes first. Any |
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increase in appraised property value which arises as a result of the |
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installation or construction of such panels on the home or business |
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shall not be included for the purposes of determining the taxable |
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value of that property for five years after the exemption is first |
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claimed." |