Depreciation Methodology For Wind Turbines Challenged

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In late 2012 the Michigan State Tax Commission changed the rate at which wind turbine assets would be depreciated for property tax assessment purposes. Now five counties (Huron, Sanilac, Gratiot, Mason, Tuscola) are working together to challenge the change. The group, The Michigan Renewable Energy Collaborative, wants to assess wind turbines at a value higher than allowed by the change.

Topics:  Depreciation, Property Tax, Renewable Energy, Wind Power

Published In: Energy & Utilities Updates, Environmental Updates, Commercial Real Estate Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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