HB 1285 Summary

• Provides a 100% property tax assessed value deduction for solar power devices installed after December 31, 2011, effective January 1, 2012 (retroactive).

• Excludes solar power devices owned or operated by public utilities and entities providing electricity for wholesale or retail, except for participants in net metering programs and on-site generators who consume their own electricity.

• Allows property owners to deduct the assessed value of solar power devices whether assessed as real property improvements, distributable property, or personal property.

• Requires owners to file a certified deduction statement with the county auditor during the year the deduction is desired, with verification by township or county assessor before allowance.

• Permits deduction statements filed before September 1, 2012, to be considered timely for obtaining the 2012 deduction on property taxes due in 2013.