Nearly 300 public and private sector attendees participated in three workshops last week to learn about valuation of solar photovoltaic (PV) projects for the purpose of taxation or for negotiating a payment in lieu of taxes (PILOT) agreement.
Sponsored jointly by DOR’s Division of Local Services and the Department of Energy Resources (DOER), the workshops drew local assessors as well as a smattering of individuals who work in the development of PV projects.
The nearly four-hour workshops, led by George E. Sansoucy, P.E., and Glenn Walker, were held in Boston and Worcester on Feb. 26 and in Springfield on Feb. 27. Sansoucy’s engineering and appraisal firm specializes in the valuation and financial feasibility of special purpose properties and consults on regulatory matters.
The workshops were organized by the DLS Bureau of Local Assessment and were funded with a grant from DOER.
Massachusetts has seen an explosion in PV development driven largely by government regulations requiring utilities in states that have adopted solar carve-outs to supply a portion of their electricity from solar systems.
Sansoucy frankly admitted that these 21st Century means of electrical generation have outstripped the 20th Century law used to value conventional sources of power generation, and noted there are currently nine bills filed in the state legislature that deal with the valuation of PV projects.
The workshop materials presented were in draft, and are now open for comment from those who attended. DLS will publish a final copy of Sansoucy’s presentation on its website after comments are received and incorporated. Media coverage of the event can be found here.
Your Mass State Taxes Made Easier posted on Mar 9
With the tax season now in full swing, there are several resources at your fingertips to make filing your taxes hassle-free. Enhanced Website Earlier this year, we launched a new DOR homepage, making it faster now to find exactly what you need to file and …Continue Reading Your Mass State Taxes Made Easier
3 Steps to Catch Up on Back MA Taxes While Avoiding Penalties posted on Mar 4
Watching a game-winning goal in overtime is as exciting as hockey gets. With DOR’s MA TAX AMNESTY 2016, you can stay out of the penalty box by paying only what you owe. Read on to find out more. What is MA TAX AMNESTY 2016? It’s …Continue Reading 3 Steps to Catch Up on Back MA Taxes While Avoiding Penalties
EITC – Helping Low and Moderate Income Families in MA posted on Jan 29
EITC, also known as the Earned Income Tax Credit, has been helping low to moderate income families in Massachusetts and across the country for over 40 years. In recent months, Governor Charlie Baker and members of the Legislature have worked hard to ensure that working …Continue Reading EITC – Helping Low and Moderate Income Families in MA