SB2706

Amends the Property Tax Code to adjust the real property cost basis for wind and solar energy systems.

SB2706 amends the Property Tax Code to change the real property cost basis for wind and solar energy systems. For taxable year 2026 and thereafter, the real property cost basis for wind energy devices is set at $588,000 per megawatt of nameplate capacity, up from $360,000. Similarly, for solar energy systems, the cost basis is set at $446,000 per megawatt for taxable year 2026 and beyond, up from $218,000. These changes apply immediately upon the bill's enactment.