Relating to the authority of a taxing unit to enter into an agreement under the Property Redevelopment and Tax Abatement Act to exempt from ad valorem taxation a portion of the value of property on which a solar power facility is located or is planned to be located.

HB 3586 prohibits taxing units (like cities or counties) from offering property tax exemptions for solar power facilities with 10 megawatts or more capacity. It specifically bans agreements under the Property Redevelopment and Tax Abatement Act that would exempt a portion of the property value where such solar facilities are located or planned. The bill applies to both existing and planned facilities and directly affects large-scale solar developers seeking tax breaks. This change takes effect September 1, 2025, preventing future tax abatements for qualifying solar projects.