Texas HB4057 prohibits taxing units from exempting renewable energy facilities from ad valorem taxation.

Texas HB4057 amends the Local Government Code and Tax Code to prohibit taxing units from entering into agreements to exempt from ad valorem taxation a portion of the value of property where a renewable energy facility is located or planned. This applies to real and tangible personal property during the term of the agreement. The bill defines renewable energy facilities to include qualifying battery energy storage facilities, solar power generation facilities, and wind power generation facilities.

Texas HB4057 prohibits taxing units from exempting renewable energy facilities from ad valorem taxation.

Texas HB4057 amends the Local Government Code and Tax Code to prohibit taxing units from entering into agreements to exempt from ad valorem taxation a portion of the value of property where a renewable energy facility is located or planned. This applies to real and tangible personal property during the term of the agreement. The bill defines renewable energy facilities to include qualifying battery energy storage facilities, solar power generation facilities, and wind power generation facilities.