News
Category:
Tax Breaks & Subsidies or USA
Browse in :
All
> Topics
> Impact on Economy
> Tax Breaks & Subsidies (954)
All > Location > USA (1271)
All of these categories
All > Location > USA (1271)
All of these categories
Lewis County is set to lose millions of dollars in Empire Zone money, but the head of the state's Empire Development Agency says that could change.
Each year, the county has received $2 million in Empire Zone money to use toward its budget.
Without the credits, that amount shrivels to $500,000.
Also filed under [
Tax Breaks & Subsidies|
New York]
Community wind farms stall with lending holdups
November 20, 2009 by Jackie Noblett in Mass High Tech
November 20, 2009 by Jackie Noblett in Mass High Tech
A year after the collapse of the equity financing market for large wind farms, state leaders and private developers are eyeing community-scale projects as an opportunity to grow the number of turbines in the state. But while communities may be good candidates for wind projects - with a strong, steady demand for electricity and the ability to raise taxes as collateral - just who will ultimately back these developments is still an unknown.
The O'Malley administration's desire to build offshore wind turbines as part of its renewable energy program is running into an unlikely source of resistance: the military.
The fear is that turbines placed in the Atlantic Ocean could disrupt flight and weapon test ranges ..."When you start to place turbines out in the Atlantic Ocean, they will create an artificial image on the radar, and we might not be able to see aircraft because we think the aircraft is really the turbine spinning around out there," said Todd Morgan, president of the Southern Maryland Navy Alliance.
Senate Democratic leaders said Tuesday they would put off debate on a big climate-change bill until spring, in a sign of weakening political will to tackle a long-term environmental issue at a time of high unemployment and economic uncertainty.
Legislation on health care, overhauling financial markets and job creation will be considered before the Senate takes up a measure to cap emissions of carbon dioxide and other gases linked to climate change, Senate Democratic leaders said Tuesday.
Also filed under [
Energy Policy|
USA]
Jefferson County's Board of Legislators slowed down its consideration of the payment-in-lieu-of-taxes agreement for the proposed Galloo Island Wind Farm. ...Chairman Barry M. Ormsby, R-Belleville, said representatives of the Jefferson County Industrial Development Agency and Galloo Island's developer, Upstate NY Power Corp., would come to the meeting.
Mr. Ormsby said they also would allow the public to speak during privilege of the floor, though no public hearing is required.
Also filed under [
Tax Breaks & Subsidies|
New York]
After outcry, 2 companies shift their turbine plans
November 18, 2009 by Kate Galbraith in New York Times
November 18, 2009 by Kate Galbraith in New York Times
Two companies that encountered political anger for their plans to use Chinese-built turbines on a wind farm in West Texas have announced plans to build a new turbine factory - in the United States.
The U.S. Renewable Energy Group, an investment firm, and A-Power Energy Generation Systems, a Chinese turbine maker, said in a statement on Tuesday that they had signed an agreement to build "a new production and assembly plant in the United States that will supply highly advanced wind energy turbines to renewable energy projects throughout North and South America."
Governor orders review of Oregon energy tax credits
November 17, 2009 by Harry Esteve in The Oregonian
November 17, 2009 by Harry Esteve in The Oregonian
Gov. Ted Kulongoski ordered a hurry-up review Tuesday of Oregon's incentives for renewable energy companies in the face of ongoing criticism of the tax breaks. ...The governor's request comes on the heels of an investigation by The Oregonian that revealed state officials downplayed the estimated cost of the incentives before they were expanded by the 2007 Legislature at Kulongoski's urging.
Also filed under [
Tax Breaks & Subsidies|
Oregon]
The green supply chain; The "domestic" green job argument turns out to be weak
November 17, 2009 by Stephanie I. Cohen in Market Watch
November 17, 2009 by Stephanie I. Cohen in Market Watch
A major selling point for the green jobs movement has been the near guarantee that renewable energy and green tech sector jobs will be tied to U.S. soil -- wind farm technicians and solar panel installers in China or India can't service turbines in Iowa and roofs in California.
The resulting theology of the green energy movement is that investments in alternative energy will yield millions of new U.S. jobs that cannot be shipped overseas.
But Sen. Charles Schumer's, D-N.Y., recent irritation over a proposed Texas wind project eligible to receive hundreds of millions of dollars in stimulus funding has shown just how erroneous this thinking is.
Also filed under [
Impact on Economy|
USA]
Wyoming lawmakers will soon take up the thorny issue of whether to impose new taxes on wind energy development, a proposal that developers say could stunt the fledgling industry's growth in Wyoming.
Supporters of a new tax say it's only fair for wind projects to contribute to state and local governments equal to other energy industries. Opponents say Wyoming taxes are already high compared to surrounding states and any new tax would be premature.
The Joint Revenue Committee will consider two proposals to tax wind electricity generation at a Wednesday meeting in Cheyenne.
Also filed under [
Tax Breaks & Subsidies|
Wyoming]
Paying extra for green power, and getting ads instead
November 17, 2009 by Kate Galbraith in New York Times
November 17, 2009 by Kate Galbraith in New York Times
The solicitations have been flooding people's mailboxes lately: pay a bit more on your electricity bill for 100 percent clean wind power. Or, the fliers say, buy "green power certificates" to offset your global warming emissions.
Close to a million electricity customers have signed up for such payments voluntarily, and the amount of electricity sold in this way has nearly tripled since 2005, amid rising concern about climate change and energy security. But the participants are in a distinct minority, with a sign-up rate of only about 2 percent in programs run by utilities.
Also filed under [
Energy Policy|
USA]
The rush to America of foreign wind-turbine manufacturers shows that the Obama administration's plan for stimulating the creation of green-energy jobs is going in an odd direction.
Italian finance police have arrested two prominent businessmen - including one with ties to a former investor in the Cape Wind project in Nantucket - in the wind energy sector on charges of fraud, reports the Financial Times.
Arrested were Oreste Vigorito, head of the IVPC energy company and president of Italy's National Association of Wind Energy, and Vito Nicastri, a Sicilian business associate, according to the article.
According to the European Committee For A Constructive Tomorrow, Oreste Vigorito has ties to Brian Caffyn, a former investor in the Cape Wind project, which has been criticized as a poor investment for taxpayers, reports Dakota Voice.
Ex-partner of Boston wind exec charged; Italians nab soccer club president in energy fraud
November 15, 2009 by Christine McConville in Boston Herald
November 15, 2009 by Christine McConville in Boston Herald
The Massachusetts native who helped found controversial wind-energy developers Cape Wind and First Wind expressed surprise late last week at news that his one-time partner in a separate wind-energy company in Italy has been arrested and charged with fraud.
"I read about it in the papers, and I was very surprised," Brian Caffyn said from Hong Kong, where he is now building wind-energy farms in China and the Philipines.
The Altamont is the world's oldest wind farm with some 5,000 power-generating turbines covering 50 square miles on the Alameda County border. While generating good green power for the state, it has a bad reputation for killing birds.
The wind turbines on the gusty Altamont Pass were installed after the energy crisis in the 1970s. Today, the world's oldest wind farm powers an average of 100,000 homes with clean green energy. But environmentalists say it comes at a steep price.
The payment-in-lieu-of-taxes agreement for the proposed Galloo Island Wind Farm would take some money that normally would go to the school district and give it to the town.
The PILOT would send 50 percent to Sackets Harbor Central School District, 15 percent to the town of Hounsfield and 35 percent to Jefferson County. The three are splitting a $2.14 million pie, which will increase 2.5 percent each year for 20 years.
Also filed under [
Tax Breaks & Subsidies|
New York]
Stimulus job boost in state exaggerated, review finds
November 11, 2009 by Jenn Abelson and Todd Wallack in Boston Globe
November 11, 2009 by Jenn Abelson and Todd Wallack in Boston Globe
While Massachusetts recipients of federal stimulus money collectively report 12,374 jobs saved or created, a Globe review shows that number is wildly exaggerated. Organizations that received stimulus money miscounted jobs, filed erroneous figures, or claimed jobs for work that has not yet started.
The Globe's finding is based on the federal government's just-released accounts of stimulus spending at the end of October. ...But in interviews with recipients, the Globe found that several openly acknowledged creating far fewer jobs than they have been credited for.
Counties deal with tax issues on turbines
November 11, 2009 by Julie Buntjer in Worthington Daily Globe
November 11, 2009 by Julie Buntjer in Worthington Daily Globe
This is the first in a series of stories about wind turbines and their impact on the rural landscape. Future articles will look at projects coming to Nobles and Jackson counties and the impact wind farms have on our region's transportation system. A couple of years ago, Murray County collected more than $1 million in production tax revenue from the wind turbines that span the horizon along the Buffalo Ridge.
Also filed under [
Tax Breaks & Subsidies|
Minnesota]
The proposed Galloo Island Wind Farm is ready to agree to spend more than $2 million per year as part of a payment-in-lieu-of-taxes agreement, but it stands to save nearly $23 million in other tax abatements.
Officials from the town of Hounsfield, Sackets Harbor Central School District and Jefferson County are firming up their division of a property tax PILOT, which will generate $2.14 million per year.
Also filed under [
Tax Breaks & Subsidies|
New York]
A handful of people from outside Hounsfield commented on the proposed Galloo Island Wind Farm payment-in-lieu-of-taxes agreement Monday night.
The PILOT considered at the hearing, held by the Jefferson County Industrial Development Agency, only covers the 84 turbines and ancillary structures on the island and the underwater transmission line in Hounsfield. There will be PILOT negotiations and a public hearing sometime in the future for the part of the 50.6-mile transmission line that runs from Henderson to the town of Mexico.
Also filed under [
Tax Breaks & Subsidies|
New York]
Wampanoag tribe claims wind farm would destroy tribal rituals
November 10, 2009 by Kevin Jess in Digital Journal
November 10, 2009 by Kevin Jess in Digital Journal
When the Pilgrims arrived in America, it was the Wampanoag who greeted them peacefully so the newcomers could escape religious persecution. Now the tribe is having to fight for their own religious freedoms.
The Wampanoag, also known as "The People of the First Light", have delayed the construction of America's first offshore wind farm, reports Associated Press.
The Mashpee and Aquinnah Wampanoag practice sacred religious rituals which they say require an unblocked view of the horizon, in particular, the sunrise.