The bill amends the Solar Energy Facilities Taxation Act by modifying Section 9, which outlines the taxation structure for solar energy facilities in Michigan. It establishes a solar energy facilities tax levied on the owner or lessee of a qualified facility, with a standard tax rate of $7,000 per megawatt of nameplate capacity. However, this amount can be reduced to $2,000 per megawatt for facilities located on state-owned property, in designated opportunity zones, or on properties that are historically significant or blighted. Additionally, the tax is further reduced for construction in progress and prior to the commencement of construction.

The bill also clarifies the disbursement of tax payments, stating that they will be distributed to various governmental entities by December 1, using the same proportions as required for industrial personal property taxes. It introduces exemptions for qualified facilities located in renaissance zones or HOPE zones, while ensuring that any special assessments or specific taxes are still accounted for. The enactment of this bill is contingent upon the passage of two other specified bills in the 103rd Legislature.

Statutes affected:
House Introduced Bill: 211.1159