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.
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Tennessee |
| Incentive Type: | Property Tax Incentive |
| Web Site: | http://www.state.tn.us/sos/acts/103/pub/pc0377.pdf |
| Administrator: | Tennessee Comptroller of the Treasury |
| Start Date: | 6/23/03 |
| Eligible Renewable/Other Technologies: |
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| Incentive Amount: | 66.6% exemption |
| Maximum Incentive: | None |
| Name: | Tenn. Code § 67-5-601 |
| Date Enacted: | 06/23/03 |
| Effective Date: | 06/23/03 |
| Name: | Taxpayer Assistance - TN Comptroller |
| Organization: | Tennessee Department of Revenue |
| Address: |
1400 James K. Polk State Office Building Nashville TN 37243-0277 |
| Phone: | (615) 401-7737 |
| Email: | Comptroller.Web@state.tn.us |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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