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A BILL TO BE ENTITLED
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AN ACT
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relating to ad valorem taxation. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 11.27, Tax Code, is amended by amending |
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Subsection (a) and adding Subsection (a-1) to read as follows: |
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(a) A person is entitled to an exemption from taxation of |
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the amount of appraised value of real [his] property owned by the |
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person that arises from the installation or construction on the |
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property of a solar or wind-powered energy device that is primarily |
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for production and distribution of energy for on-site use. |
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(a-1) A person is entitled to an exemption from taxation of |
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the appraised value of a solar or wind-powered energy device owned |
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by the person that is installed or constructed on real property and |
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is primarily for production and distribution of energy for on-site |
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use regardless of whether the person owns the real property on which |
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the device is installed or constructed. |
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SECTION 2. Section 23.1241(a)(1), Tax Code, is amended to |
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read as follows: |
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(1) "Dealer" means a person engaged in the business in |
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this state of selling, leasing, or renting heavy equipment. The |
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term includes a person who leases heavy equipment from another |
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person. The term does not include a bank, savings bank, savings and |
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loan association, credit union, or other finance company. In |
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addition, for purposes of taxation of a person's inventory of heavy |
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equipment in a tax year, the term does not include a person who |
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renders the person's inventory of heavy equipment for taxation in |
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that tax year by filing a rendition statement or property report in |
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accordance with Chapter 22. |
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SECTION 3. This Act applies only to ad valorem taxes imposed |
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for a tax year beginning on or after the effective date of this Act. |
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SECTION 4. This Act takes effect January 1, 2022. |