Wind Energy Systems Exemption (Tennessee)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Tennessee

Name Wind Energy Systems Exemption
Incentive Type Property Tax Incentive
Applicable Sector Commercial, Industrial, Utility
Eligible Technologies Wind
Active Incentive No

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount 66.6% exemption







Start Date 2003-06-23







Maximum Incentive None










Program Administrator Tennessee Comptroller of the Treasury
Website http://www.state.tn.us/sos/acts/103/pub/pc0377.pdf
Date added to DSIRE 2003-07-15
Last DSIRE Review 2014-08-12



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

Tennessee House Bill 809, enacted into law in Public Chapter 377, Acts of 2003 and codified under Title 67, Chapter 5, states that wind energy systems operated by public utilities, businesses or industrial facilities shall not be taxed at more than one-third of their total installed cost. This law applies to the initial appraisal and subsequent appraisals of wind energy systems, based on a reduced generation capacity of 2/3 due to intermittent production. Assessors and the comptroller takes the 1/3 capacity factor findings into account when assigning value when the property is appraised or reappraised.


Incentive Contact

Contact Name Taxpayer Assistance - TN Comptroller
Department Tennessee Comptroller of the Treasury
Division Property Assessments
Address 1400 James K. Polk State Office Building
Address 2 505 Deaderick Street
Place Nashville, Tennessee
Zip/Postal Code 37243-0277
Phone (615) 401-7737


Email Comptroller.Web@state.tn.us
Website http://www.comptroller1.state.tn.us/
     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: Tenn. Code § 67-5-601
Date Effective 2003-06-23
Date Enacted 2003-06-23



















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"