MI HB4068

Removes the requirement for Michigan Next Energy Authority certification to qualify alternative energy personal property for property tax exemption.

Expands tax exemption to include small alternative energy systems with generating capacity of 150 kilowatts or less used to offset commercial or industrial energy usage, with no $80,000 true cash value limit for pre-existing systems.

Allows local school districts and tax collecting units to opt out of exemption by adopting resolutions within 60 days of property certification.

Extends exemption period for alternative energy personal property installed after the bill's effective date to cover taxes through January 1, 2013 and beyond, while maintaining original exemption period of December 31, 2002 through January 1, 2013 for existing systems.

Applies exemption to alternative energy systems, vehicles, technology businesses, and personal property used for researching, developing, or manufacturing alternative energy technology as defined in the Michigan Next Energy Authority Act.