MI HB4465

Expands the exemption for alternative energy personal property from property taxes to include small renewable energy systems used on commercial or industrial properties, effective immediately upon passage.

Exempts alternative energy systems with a generating capacity of no more than 150 kilowatts that are used solely to offset the energy usage of the property owner where the system is installed.

Limits the exemption to systems installed after the effective date where the combined true cash value of the alternative energy property and other eligible personal property does not exceed $80,000.

Maintains existing exemptions for alternative energy personal property taxes levied between December 31, 2002 and January 1, 2013, and for certain alternative energy technology businesses.

Became effective immediately upon passage on November 15, 2019.