October 25, 2021

Volume XI, Number 298

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October 25, 2021

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Michigan Property Tax Change on Wind Turbines

The Michigan Tax Commission has adopted a new set of equations for determining the taxable value of property which has changed the depreciation schedules for in-service wind turbines. As industrial personal property, wind turbines were previously taxed on 100% of their taxable value in the first year, and depreciated over 15 years down to 30%. In December, the policy was changed to taxing 80% in the first year and depreciating down to 30% over five years.

© 2021 Varnum LLPNational Law Review, Volume II, Number 58
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About this Author

Bruce Goodman, Environmental lawyer, Varnum
Counsel

Bruce practices energy law, environmental law, and construction law. His energy background includes negotiating electric power sales agreements (both for wholesale sellers of energy and for retail consumers of energy) state electric rate cases, developing municipal energy tariffs, and energy project structuring and permitting. For years, he published a blog focused on alternative energy developments in Michigan. Most recently he has been involved in various alternative energy projects, including wind energy, biofuels and solar projects.

His environmental experience includes air...

616-336-6574
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