SB 419
AN ACT relating to the determination of the market value of solar energy
Senate Bill • Middleton
89th Regular Session
Jan 14, 2025 - Jun 2, 2025 • Session ended
Awaiting Committee Assignment
Bill filed, pending referral to Senate committee
Committee
Not yet assigned
Fiscal Note
Not available
What This Bill Does
relating to the determination of the market value of solar energy
Bill Text
relating to the determination of the market value of solar energy property for ad valorem tax purposes. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 23.26(d), Tax Code, is amended to read as (d) To determine the market value of solar energy property using the cost method of appraisal, the chief appraiser shall: (1) use cost data obtained from generally accepted (2) make any appropriate adjustment for physical, functional, or economic obsolescence and any other justifiable (3) calculate the depreciated value of the property by using a useful life of not less than 35 [that does not exceed 10] SECTION 2. Section 23.26(d), Tax Code, as amended by this Act, applies only to the appraisal for ad valorem tax purposes of solar energy property for a tax year that begins on or after the SECTION 3. This Act takes effect January 1, 2026.
Bill History
filed
Bill filed: AN ACT relating to the determination of the market value of solar energy
Related Guides
Learn more about tracking Texas legislation and working with lobbyists.
How to Read & Track Texas Bills
Master bill numbering, understand legislative language, and learn effective tracking strategies.
Understanding Texas Legislative Deadlines
Navigate the 140-day session with critical calendar dates and filing deadlines.
How Laws Get Made in Texas
Follow a bill's journey from filing to the governor's desk through committees and floor votes.
When Should Your Business Hire a Lobbyist?
Discover the signs that your business needs professional advocacy at the Texas Capitol.