House OKs wind farm tax bill
DENVER - The House passed and sent to the Senate a bill that attempts to lure more wind farms to northeastern Colorado. The vote was 54-9 earlier this week.
March 17, 2006
by K.C. Mason
House Bill 1275 changes the method of taxing the gigantic wind turbines from a business personal property tax, which is reduced over time through depreciation, to a production tax similar to what is charged in the oil and gas fields.
"This is an economic development bill," said Rep. Wes McKinley, D-Walsh.
The development of wind energy is a fast-growing industry in Colorado because of a 2004 voter-approved mandate that 10 percent of all electricity generated by the year 2015 come from renewable-energy sources.
Brophy is the Senate sponsor of House Bill 1275. He will have to deal... [continue via Web link]