Implementing Sector | State |
Category | Financial Incentive |
State | Michigan |
Incentive Type | Industry Recruitment/Support |
Web Site | https://www.senate.michigan.gov/SFA/Publications/Notes/2002Notes/NotesJulAug02Towne.pdf |
Eligible Renewable/Other Technologies | Solar Water Heat, Solar Space Heat, Solar Thermal Process Heat, Solar Photovoltaics, Wind (All), Combined Heat & Power, Fuel Cells using Non-Renewable Fuels, Wind (Small), Fuel Cells using Renewable Fuels, Microturbines |
Applicable Sectors | Commercial, Industrial, Federal Government |
Incentive Amount | 100% of value |
Maximum Incentive | No limit |
“Alternative energy personal property” certified by the NextEnergy Authority and located in the NextEnergy Zone is exempt from the collection of personal property taxes. This exemption includes (1) “alternative energy systems,” (2) “alternative energy vehicles,” (3) the personal property of an “alternative energy technology business” and (4) the personal property of a business not engaged in alternative-energy technology that is used solely for the purpose of researching, developing or manufacturing alternative-energy technologies. The law applies not only to companies engaged in the manufacturing or research and development of alternative energy technologies, but also to end users.
Name | 2002 SB 1316 |
Date Enacted | 10/16/02 |
Effective Date | 1/1/03 |
Expiration Date | 12/31/12 |
Name | MI HB 4465 |
Effective Date | 11/15/2019 |