SB 1329: Real property tax: valuation: active solar energy system.

This bill establishes uniform rules for valuing active solar energy systems. The preferred valuation method is the replacement cost new, minus depreciation and obsolescence. The system's tangible property is used for valuation, excluding intangible assets and rights. The bill treats excluded systems as separate appraisal units from other properties. The state will not reimburse local agencies for lost property tax revenues due to this bill. Reimbursement for mandated costs will be made through existing statutory procedures if the commission on state mandates determines the bill contains such costs. The bill takes effect immediately as a tax levy, requiring approval from two-thirds of the legislature for a change in state statute.