TX SB419

Changes the depreciation calculation for solar energy property from a useful life of not more than 10 years to a minimum of 35 years for property tax appraisal purposes

Requires chief appraisers to use the longer useful life when determining market value of solar energy property using the cost method of appraisal

Results in slower depreciation of solar property, which would increase assessed values and property tax obligations for solar energy facilities

Applies only to tax years beginning on or after the effective date of January 1, 2026