Industrial Facilities Tax Exemption (Michigan)
Last modified on May 23, 2011.
Financial Incentive Program
|Name||Industrial Facilities Tax Exemption|
|Incentive Type||Property Tax Incentive|
|Eligible Technologies||Biomass, Renewable Transportation Fuels|
|Energy Category||Renewable Energy Incentive Programs|
|Amount||100% property tax abatement for biodiesel production plants|
|Maximum Incentive||Exemption may last up to 12 years|
|Program Administrator||Michigan Department of Treasury|
|Date added to DSIRE||2003-07-14|
|Last DSIRE Review||2003-07-14|
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.
Authorities (Please contact the if there are any file problems.)
|Authority 1:||PA 198 (1974)|
|Authority 2:||HB 4010 (2003)|
|Contact Name||Taxpayer Assistance - MI DOT|
|Department||Michigan Department of Treasury|
|Division||State Tax Commission|
|Address||P.O. Box 30471|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.