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A BILL TO BE ENTITLED
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AN ACT
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relating to the appraisal for ad valorem tax purposes of solar |
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energy property. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter B, Chapter 23, Tax Code, is amended by |
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adding Section 23.26 to read as follows: |
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Sec. 23.26. SOLAR ENERGY PROPERTY. (a) In this section, |
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"solar energy property" has the meaning assigned to "solar energy |
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device" by Section 11.27(c)(1) and includes commercial storage |
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devices, power conditioning equipment, transfer equipment, and |
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necessary parts for the devices and equipment. |
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(b) The chief appraiser shall use the cost method of |
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appraisal to determine the market value of solar energy property. |
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(c) To determine the market value of solar energy property |
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using the cost method of appraisal, the chief appraiser shall: |
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(1) use cost data obtained from generally accepted |
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sources; |
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(2) make any appropriate adjustment for physical, |
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functional, or economic obsolescence; and |
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(3) calculate the depreciated value of the property by |
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using a useful life that does not exceed five years. |
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SECTION 2. This Act applies only to an ad valorem tax year |
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that begins on or after the effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2014. |