RENEWABLE ENERGY PROPERTY TAX CREDIT

House Bill 4245

Sponsor:  Rep. Kevin Daley

Committee:  Tax Policy

Complete to 5-7-13

A SUMMARY OF HOUSE BILL 4245 AS INTRODUCED 2-12-13

The bill would amend the General Property Tax Act to exempt from taxes collected under the act a renewable energy system where a majority of the energy generated by the system is used on the premises. 

A renewable energy system would be defined as that term is defined in the Clean, Renewable, and Efficient Energy Act (2008 PA 295), and generally means a facility of electricity generation system that uses use one more renewable energy resource (such as biomass, solar and solar thermal energy, kinetic energy of moving water, geothermal energy, or municipal solid waste.)

Proposed MCL 211.9p

FISCAL IMPACT:

A fiscal analysis is in process.

                                                                                           Legislative Analyst:   Mark Wolf

                                                                                                  Fiscal Analyst:   Jim Stansell

■ This analysis was prepared by nonpartisan House staff for use by House members in their deliberations, and does not constitute an official statement of legislative intent.