News
Developer says legislation law may hurt local wind farm project
The developer for a Belle Fourche-area wind farm said South Dakota's pro-wind farm bill now on the governor's desk should have a lower threshold for refunds from state tax on construction costs.
March 4, 2012
by Milo Dailey
in Rapid City Journal
BELLE FOURCHE - The developer for a Belle Fourche-area wind farm said South Dakota's pro-wind farm bill now on the governor's desk should have a lower threshold for refunds from state tax on construction costs.
Mark Eilers said that as it stands now, House Bill 1228 will hurt smaller projects such as the one northwest of Belle Fourche.
The Rapid City native said his concern is for the $50 million capital costs threshold before the refunds would kick in.
"Our Belle Fourche project is targeted at 20 megawatts and will fall under the $50... [continue via Web link]
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Tax Breaks & Subsidies
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South Dakota
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