SB 414 - This act provides that the definition of "tangible personal property" shall, for the purposes of property taxation, include solar panels, racking systems, inverters, and related solar equipment, components, materials, and supplies installed at commercial solar photovoltaic energy systems that were constructed and producing solar energy prior to August 9, 2022. (Section 137.010) This act also creates a new subclass of tangible personal property that includes solar panels, racking systems, inverters, and related solar equipment, components, materials, and supplies installed at commercial solar photovoltaic energy systems that were constructed and producing solar energy prior to August 9, 2022, and provides that such subclass shall be assessed at three percent of its true value in money. (Section 137.080 and 137.115) This act is identical to provisions in SB 214 (2025) and is substantially similar to SB 1219 (2024) and to provisions in SS#2/SB 4 (2025) and HCS/HB 1836 (2024). JOSH NORBERG