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TX HB3586
Bill
Status
3/3/2025
Primary Sponsor
Don McLaughlin
Click for details
AI Summary
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Prohibits local taxing units from entering into tax abatement agreements under the Property Redevelopment and Tax Abatement Act for property where solar power facilities are located or planned
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Defines "solar power facility" as a facility designed and used primarily for collecting, generating, or storing solar energy
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Applies only to solar power facilities with a generation or storage capacity of 10 megawatts or more
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The prohibition covers both real property where the facility is located and tangible personal property on that land during the agreement term
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Takes effect September 1, 2025, and applies only to agreements entered into on or after that date; existing agreements remain unaffected
Legislative Description
Relating to the authority of a taxing unit to enter into an agreement under the Property Redevelopment and Tax Abatement Act to exempt from ad valorem taxation a portion of the value of property on which a solar power facility is located or is planned to be located.
Taxation
Last Action
Referred to Ways & Means
3/25/2025