Modifies and creates new provisions relating to solar energy projects

Summary

The bill rewrites how residential, agricultural, and commercial lands are classified for property tax assessment, letting local taxing districts adjust levies to offset revenue losses from reclassification. It specifically exempts solar photovoltaic systems built and operating before August 9, 2022 from being re‑rated as commercial property. The changes aim to clarify tax treatment of mixed‑use land and protect existing solar projects.

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