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.
|Incentive Type:||Property Tax Incentive|
|Administrator:||Michigan Department of Treasury|
|Eligible Renewable/Other Technologies:||
|Incentive Amount:||100% property tax abatement for biodiesel production plants|
|Maximum Incentive:||Exemption may last up to 12 years|
|Name:||PA 198 (1974)|
|Name:||HB 4010 (2003)|
|Name:||Taxpayer Assistance - MI DOT|
|Organization:||Michigan Department of Treasury|
P.O. Box 30471
Lansing MI 48909-7971
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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