In 1974, Public Act 198 set up an industrial property tax abatement program. HB 4010, passed in 2003, adds the creation or synthesis of biodiesel fuel to the definition of "Industrial Property." Futhermore, this definition also includes electric generating plants fueled by biomass until 12/31/07. Plant rehabilitation and industrial development districts may be established to provide such tax abatements for up to 12 years.
| Name: | PA 198 (1974) |
| Name: | HB 4010 (2003) |
| Name: | Taxpayer Assistance - MI DOT |
| Organization: | Michigan Department of Treasury |
| Address: |
P.O. Box 30471 Lansing MI 48909-7971 |
| Phone: | (517) 373-2408 |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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