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Proposed Indiana Bill Would Bring Certainty, Structure to Land Valuation for Solar Generation Purposes

Thursday, February 25, 2021 - 3:00PM

A bill introduced in the Indiana House of Representatives would provide certainty and structure to the valuation of land when it is used for solar generation purposes. H.B. 1438 would formalize the land valuation method for assessments after Dec. 31, 2021, to include solar generation facilities in the definition of public utility companies, which are generally assessed more favorably than commercial or industrial facilities. This legislation would allow the Indiana Department of Local Government Finance to set median tax value for county assessors for three regions on an annual basis. 

Contact a Novogradac renewable energy tax credit professional for more information.

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