SB0210: Alternative energy property tax deductions.

Legislative Summary

Alternative energy property tax deductions. Allows the fiscal body of a county, city, or town to adopt an ordinance designating a geographic territory as an alternative energy zone (zone) to provide for property tax deductions: (1) at an annual percentage amount; and (2) for a duration of not more than 15 years; for alternative energy projects located in the zone. Specifies that the ordinance must also include provisions concerning: (1) annual service payments to the county treasurer based on nameplate capacity; (2) maintenance of a specified ratio of Indiana full-time equivalent employees to total employees employed in the construction or installation of the alternative energy project; and (3) relationships with organizations that educate and train individuals for careers in the alternative energy industry.