Ad valorem tax; add categories for energy projects and enterprises for purposes of certain exemptions.

Summary

The bill expands the definition of “project” to include battery energy‑storage facilities and lets local governments grant tax exemptions of up to half the assessed value for projects that invest at least $100 million. It also adds battery storage to the list of enterprises eligible for these exemptions and sets a ten‑year limit on the tax break period.

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

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