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Tennessee

Tennessee

Incentives/Policies for Renewables & Efficiency

Printable Version
Wind Energy Systems Exemption   

Last DSIRE Review: 08/20/2012
Program Overview:
State: Tennessee
Incentive Type: Property Tax Incentive
Eligible Renewable/Other Technologies: Wind
Applicable Sectors: Commercial, Industrial, Utility
Amount:66.6% exemption
Maximum Incentive:None
Start Date:6/23/03
Web Site: http://www.state.tn.us/sos/acts/103/pub/pc0377.pdf
Authority 1:
Date Enacted:
Date Effective:
Tenn. Code ยง 67-5-601
6/23/03
6/23/03
Summary:

Tennessee House Bill 809, enacted into law in Public Chapter 377, Acts of 2003 and codified under Title 67, Chapter 5, states that wind energy systems operated by public utilities, businesses or industrial facilities shall not be taxed at more than one-third of their total installed cost. This law applies to the initial appraisal and subsequent appraisals of wind energy systems, based on a reduced generation capacity of 2/3 due to intermittent production. Assessors and the comptroller takes the 1/3 capacity factor findings into account when assigning value when the property is appraised or reappraised.


 
Contact:
  Taxpayer Assistance - TN Comptroller
Tennessee Comptroller of the Treasury
Property Assessments
1400 James K. Polk State Office Building
505 Deaderick Street
Nashville, TN 37243-0277
Phone: (615) 401-7737
Fax: (615) 741-3888
E-Mail: Comptroller.Web@state.tn.us
Web Site: http://www.comptroller1.state.tn.us/
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.