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TX SB2393
Bill
Status
3/12/2025
Primary Sponsor
Charles Creighton
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AI Summary
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Creates a property tax exemption for the increased appraised value of real property resulting from installing an electric generator used primarily for on-site energy production and distribution
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Defines qualifying "electric generator" as a device powered by natural gas, liquefied petroleum gas, diesel, biodiesel, or hydrogen that is fully enclosed in a sound-attenuating enclosure and connected to a structure's main electrical panel via transfer switch
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Once the exemption is initially claimed and approved, property owners do not need to reapply in subsequent years unless ownership changes or qualification status changes
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Requires the comptroller to develop guidelines to assist local officials in administering the exemption
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Takes effect January 1, 2026, contingent on voter approval of a related constitutional amendment authorizing the legislature to create this exemption
Legislative Description
Relating to an exemption from ad valorem taxation of the amount of the appraised value of real property that arises from the installation or construction on the property of a generator that is primarily for the production and distribution of energy for on-site use.
Taxation
Last Action
Referred to Local Government
3/25/2025