MI HB5143

Exempts alternative energy personal property from property tax collection, including alternative energy systems, vehicles, and property of alternative energy technology businesses.

Maintains existing exemption for taxes levied on alternative energy personal property between December 31, 2002 and January 1, 2013.

Extends exemption for alternative energy systems with generating capacity of not more than 150 kilowatts used to offset commercial or industrial energy usage on the property owner's real property.

Requires alternative energy systems installed after the effective date to have a true cash value less than $80,000 when combined with other exempt personal property under section 9o.

Takes effect only if House Bill No. 5680 of the 99th Legislature is enacted into law.