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…
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
