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TX HB4057
Bill
Status
3/7/2025
Primary Sponsor
Ellen Troxclair
Click for details
AI Summary
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Prohibits municipalities, counties, county industrial commissions, and development boards from entering into tax abatement agreements that exempt ad valorem taxes on property where renewable energy facilities are located or planned
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Defines "renewable energy facility" to include qualifying battery energy storage facilities, solar power generation facilities, and wind power generation facilities
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Excludes battery storage devices that collect, store, and discharge energy generated from natural gas from the definition of qualifying battery energy storage facility
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Applies only to renewable energy facilities that sell energy or ancillary services at wholesale for a power grid, not to facilities serving individual properties
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Takes effect January 1, 2026, and applies only to agreements entered into on or after that date, leaving existing abatement agreements unaffected
Legislative Description
Relating to the authority of a taxing unit to enter into an agreement to exempt from ad valorem taxation a portion of the value of property on which a renewable energy facility is located or is planned to be located.
Taxation
Last Action
Referred to Ways & Means
3/27/2025