Texas SB2393 exempts from ad valorem taxation the appraised value of real property related to on-site energy generators.

Texas SB2393 amends the Tax Code to exempt from ad valorem taxation the appraised value of real property that arises from the installation or construction of an electric generator primarily for on-site energy production and distribution. The exemption applies to generators powered by natural gas, liquefied petroleum gas, diesel fuel, biodiesel fuel, or hydrogen, fully enclosed in a sound attenuating enclosure, and connected to the main electrical panel. The comptroller must develop guidelines to assist local officials in administering this exemption.

Texas SB2393 exempts from ad valorem taxation the appraised value of real property related to on-site energy generators.

Texas SB2393 amends the Tax Code to exempt from ad valorem taxation the appraised value of real property that arises from the installation or construction of an electric generator primarily for on-site energy production and distribution. The exemption applies to generators powered by natural gas, liquefied petroleum gas, diesel fuel, biodiesel fuel, or hydrogen, fully enclosed in a sound attenuating enclosure, and connected to the main electrical panel. The comptroller must develop guidelines to assist local officials in administering this exemption.