News
Area to lose major tax revenue from wind developments in 2012
Huron County Board of Commissioners Chairman Ron Wruble said the news is "pretty disturbing" as local taxing units will collectively receive $267,077 less in tax revenue from the area's two existing wind developments.
Under the old way turbines were taxed, the area would have received $913,585.
December 4, 2011
by Kate Hessling
in Huron Daily Tribune
BAD AXE - County officials learned this week that the State Tax Commission lowered the amount of personal property taxes developers pay for wind developments - resulting in the area losing more than a quarter of a million dollars next year.
Huron County Board of Commissioners Chairman Ron Wruble said the news is "pretty disturbing" as local taxing units will collectively receive $267,077 less in tax revenue from the area's two existing wind developments.
Under the old way turbines were taxed, the area would have received $913,585 from the Michigan Wind I development near Ubly and the Harvest Wind Farm near Elkton... [continue via Web link]
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Tax Breaks & Subsidies
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Michigan
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