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Summary: HB 2500 would clarify the process for appraising certain solar property due to concerns that the method for appraising solar facilities for property tax purposes is unclear and that this ambiguity has produced inconsistent results by the state's appraisal districts. HB 2500 would require the “cost” method of appraisal to determine the market value of a solar energy property. According to the Legislative Budget Board, HB 2500’s requirement that an appraiser calculate the depreciated value of the property by using a useful life that does not exceed ten years would result in a partial exemption for solar property.
Analysis: HB 2500 is mostly a clarification bill, but it does have a provision that will result in a partial exemption for solar producers. Due to this exemption that will limit government revenues, and because HB 2500 clarifies a complicated and ambiguous process for appraising such property, we support HB 2500.