Ad valorem tax; extend deadlines for 50% exemption and lower fee-in-lieu minimum for certain projects and qualified businesses.

Summary

The bill pushes back the construction start date and local approval deadlines that qualify certain energy projects for up to a 50% ad valorem tax exemption. It also lengthens the period counties and municipalities can negotiate fee‑in‑lie agreements and allows a lower minimum fee of one‑tenth of taxes for projects that receive the exemption and sign before July 1 2030. These changes affect large‑scale energy developments, qualified businesses, local governments and school districts.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share