Indiana law requires net metering for property tax deduction

On April 20, 2011, the Indiana governor signed a bill that clarifies that utilities and other wind-power generating companies do not qualify for a property value adjustment. 

State Rep. Don Lehe, R-Brookston, said Senate Bill 481 clarifies the 100 percent deduction of a property value increase due to a windmill is only for property or mobile home owners, not power companies.  To qualify for the deduction, the property owner must be participating in a net metering program.

Earlier this year, state tax officials rejected a deduction application filed by a wind-power company seeking to remove $59.3 million in assessed value from tax rolls.

Source: NWI Times

 

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