Relating to the authority of a taxing unit to enter into an agreement to exempt from ad valorem taxation a portion of the value of property on which a renewable energy facility is located or is planned to be located.

SB 1754 prohibits municipalities and counties from entering tax exemption agreements for renewable energy facilities. The bill specifically blocks local governments from exempting from ad valorem taxes a portion of the value of property (or related equipment) where solar, wind, or qualifying battery storage facilities are located or planned. It defines "renewable energy facility" to include solar power generation, wind power generation, and battery storage facilities that collect, store, and discharge energy (excluding natural gas-based systems). This applies only to facilities selling energy wholesale to the power grid. The bill does not create new tax breaks but prevents local governments from offering them for these specific renewable energy projects.