Tax & Accounting Blog

Wind Energy Conversion Property now taxable for ad valorem tax purposes in Maui County

Blog, ONESOURCE, ONESOURCE Property Tax, Software March 14, 2013

Recent tax changes in Maui county will effect companies that possess alternative energy equipment. Maui County had adopted Ordinance No. 4013, Bill No. 9, which will be effective January 1, 2014, where it redefines “property” to include any and all wind energy conversion property to be taxable for the ad valorem tax purposes. Examples include, but not limited to, a wind charger, windmill, wind turbine, tower and electrical equipment, pad mount transformers, power lines, and substation, or other such components.