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South Dakota panel urges cut in wind farm construction taxes
Deputy Revenue Secretary David Wiest, also a task force member, cast the only vote against the recommendation to reduce construction taxes, saying he is not convinced South Dakota's taxes on wind farms are significantly higher than other states. South Dakota has other advantages, such as wind.
October 6, 2011
by Chet Brokaw
in Associated Press
PIERRE, S.D. -- A legislative task force recommended Wednesday that the state cut construction taxes for wind farms to help South Dakota compete with nearby states in attracting projects that generate electricity from wind.
However, the Wind Energy Task Force will leave it up to Gov. Dennis Daugaard and the full Legislature to decide exactly how to reduce the contractor's excise tax and sales tax that apply to construction costs of wind farms.
Based on information presented by developers, the task force also found that South Dakota's construction taxes are substantially higher than those charged by neighboring states.
Task force member John DiDonato,... [continue via Web link]
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