News
Overtime allows wind farm legislation
SPRINGFIELD - Thanks to the duration of this year's record-breaking legislative overtime session, lawmakers are poised to vote on a plan that would establish a uniform method of assessing wind farms for property tax purposes.
The proposal is the result of months of talks involving Rep. Frank Mautino, D-Spring Valley, county assessors, local governments, wind-energy companies and others..............Under the legislation, a wind farm installed in 2007 would pay a tax of $9,000 per megawatt. That figure would drop slightly each year because of physical depreciation of the wind devices.
If enacted into law, the measure would expire - or "sunset" - after the 2011 tax year. The sunset date is meant to enable lawmakers to gauge how well the law is working.
August 7, 2007
by Adriana Colindres
in Peoria Journal Star
SPRINGFIELD - Thanks to the duration of this year's record-breaking legislative overtime session, lawmakers are poised to vote on a plan that would establish a uniform method of assessing wind farms for property tax purposes.
The proposal is the result of months of talks involving Rep. Frank Mautino, D-Spring Valley, county assessors, local governments, wind-energy companies and others.
They were unable to reach an agreement before the legislature's scheduled adjournment date of May 31, but they've had better luck since.
"For me, the overtime session has allowed the opportunity to have all of the major players sit down in the cafeteria down... [continue via Web link]
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