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Board approves hire of Tri Merit and Sikich to file federal solar tax claim for village
Summary
Trustees approved an agreement with Tri Merit and Sikich to file for federal solar tax incentives related to the village’s solar project and to defend the claim if audited.
Trustees approved an agreement with tax‑consulting firms Sikich and Tri Merit to prepare and file federal tax claims tied to the village’s solar project and to provide audit defense if required.
Staff explained the village expects a substantial federal refund related to recent legislation and that the claim is a new and specialized filing for a municipal entity. Matt and Scott told trustees they expect to claim roughly $417,338 based on current guidance; however, staff recommended engaging Sikich and specialist subconsultant Tri Merit to ensure the return is prepared properly and to manage potential audits.
Trustees approved the engagement and authorized the village to proceed with the contracts so staff can file promptly. The board discussed fees and the need to protect the refunded funds from any future political or statutory changes, and trustees said the work should proceed so the village can receive funds while the legislative landscape is unchanged.
The resolution passed on a recorded vote; trustees acknowledged that the village would not owe taxes on the refund but that expertise would be needed to document eligibility and respond to any inquiry from federal tax authorities.
