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A BILL TO BE ENTITLED
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AN ACT
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relating to the eligibility of certain property for an ad valorem |
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tax abatement under the Property Redevelopment and Tax Abatement |
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Act if certain renewable energy devices are installed or |
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constructed on the property. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter A, Chapter 312, Tax Code, is amended |
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by adding Section 312.0022 to read as follows: |
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Sec. 312.0022. PROHIBITION ON ABATEMENT OF TAXES ON |
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PROPERTY WITH CERTAIN RENEWABLE ENERGY DEVICES INSTALLED OR |
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CONSTRUCTED. (a) In this section: |
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(1) "Solar energy device" has the meaning assigned by |
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Section 11.27. |
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(2) "Wind-powered energy device" has the meaning |
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assigned by Section 11.27. |
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(b) Notwithstanding any other provision of this chapter, an |
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owner or lessee of a parcel of real property that is located wholly |
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or partly in a reinvestment zone may not receive an exemption from |
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taxation of any portion of the value of the parcel of real property |
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or of tangible personal property located on the parcel of real |
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property under a tax abatement agreement under this chapter that is |
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entered into on or after September 1, 2021, if, on or after that |
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date, a solar energy device or wind-powered energy device is |
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installed or constructed on the same parcel of real property. The |
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prohibition provided by this section applies regardless of whether |
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the solar energy device or wind-powered energy device is installed |
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or constructed at a location that is in the reinvestment zone. |
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SECTION 2. This Act takes effect September 1, 2021. |