Showing posts with label Michigan Business Tax Act. Show all posts
Showing posts with label Michigan Business Tax Act. Show all posts

March 1, 2012

Michigan: Tax credits for "Green Buildings"


The push for energy efficient building practices in Michigan is under way with the introduction of legislation such as House Bill 4286 by Representative Bruce Rendon (R-Lake City) in February 2011. This bill seeks to amend the Michigan Business Tax Act (2007 PA 36) by providing tax credits for "green" housing practices. In this bill "green" in reference to building practices means that there is an emphasis on site conservation with sustainable planning, water conservation/efficiency, energy efficiency/renewable efficiency, conservation of materials/resources, and indoor environmental quality. Tax credits are awarded based on the acquisition of a Leadership in Energy and Environmental Design (LEED) certification from the U.S. Green Building Council (Legislature.mi.gov).