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A BILL TO BE ENTITLED
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AN ACT
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relating to the determination of the market value of solar energy |
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property for ad valorem tax purposes. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 23.26(d), Tax Code, is amended to read as |
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follows: |
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(d) 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 any other justifiable |
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factor; and |
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(3) calculate the depreciated value of the property by |
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using a useful life of not less than 35 [that does not exceed 10] |
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years. |
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SECTION 2. Section 23.26(d), Tax Code, as amended by this |
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Act, applies only to the appraisal for ad valorem tax purposes of |
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solar energy property for a tax year that begins on or after the |
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effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2026. |