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Officials support proposed tax on turbines
Wind companies pay personal property taxes for wind developments, and the taxable values are established by the Michigan Tax Commission. Those values decrease each year because of depreciation. And, per an October ruling, there will be a larger than previously established drop in values this year.
February 28, 2012
by Kate Hessling
in Huron Daily Tribune
Push to define true taxable cash values
UPPER THUMB - Local governments are working under a tight deadline to develop a plan to substantiate what they believe are true taxable values for wind turbine developments. At the same time, they are throwing their support behind a special tax State Rep. Kurt E. Damrow has proposed for wind energy developments.
Wind companies pay personal property taxes for wind developments, and the taxable values are established by the Michigan Tax Commission. Those values - and, as a result, the amount of personal property taxes wind developers pay counties, local townships, schools and libraries -... [continue via Web link]
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Tax Breaks & Subsidies
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