Proposed Amendments regarding Property Tax Treatment of Renewable Energy Installations
Regulatory amendments are being proposed to Ontario Regulation 282/98 with
the objective of:
- providing greater clarity and certainty to the property tax treatment of renewable energy installations for property owners, municipalities and the Municipal Property Assessment Corporation; and
- ensuring that property tax does not act as a disincentive to energy generation, particularly small-scale generation by persons who are not ordinarily in the business of generation.
The proposed amendments are open for public comment until August 29, 2011.
Additional information regarding this proposed change and contact information can be found herehttp://www.ontariocanada.com/registry/view.do?postingId=7322&language=en.