March 18, 2008, Introduced by Senators BARCIA, KAHN, KUIPERS, ALLEN, VAN WOERKOM, CHERRY and PAPPAGEORGE and referred to the Committee on Finance.
A bill to amend 1893 PA 206, entitled
"The general property tax act,"
(MCL 211.1 to 211.155) by adding section 9nn.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 9nn. Personal property owned by a photovoltaic energy
technology business is exempt from the collection of taxes under
this act. As used in this section:
(a) "Clean fuel" and "photovoltaic energy system" mean those
terms as defined in section 2 of the Michigan next energy authority
act, 2002 PA 593, MCL 207.822.
(b) "Photovoltaic energy technology" means equipment,
component parts, materials, electronic devices, testing equipment,
and related systems that are specifically designed, specifically
fabricated, and used primarily for 1 or more of the following:
(i) The storage, generation, reformation, or distribution of
clean fuels integrated within a photovoltaic energy system.
(ii) The process of generating and putting into a usable form
the energy generated by a photovoltaic energy system.
(iii) Photovoltaic energy technology does not include those
component parts of a photovoltaic energy system that are required
regardless of the energy source.
(c) "Photovoltaic energy technology business" means a business
engaged solely in the research, development, or manufacturing of
photovoltaic energy technology.