Articles filed under Taxes & Subsidies from Illinois

Superintendent Ptacek shares thoughts on potential misconception within Lincoln Land Wind ad

"The Jacksonville Journal Courier estimated that Jacksonville Public Schools would get about $75,000 in the very first year. ...When you put that into perspective and look at those dollars compared to annual budgets, we have an annual budget of right around $38 million a year. $75,000 a year I don’t think is enough to make an advertisement that’s saying that the local community is going to benefit at a number of $43.8 million,” Ptacek explains.
14 Feb 2019

Taxpayers are funding the wind-energy hype

The article paints a picture of renewable energy’s future being threatened by land owners who unpatriotically are hampering attempts to build electrical transmission lines from wind-rich Western states to customers. ...It [the transmission] has not been proven necessary by any state’s regulatory commission.
1 Jan 2016

Exelon pushes to scrap wind subsidy

"The (production tax credit) has been in place since 1992, I believe," Exelon Chief Executive Christopher Crane said in a conference call with investors and analysts Wednesday. "And I think that's enough time to jump-start an industry, 20 years. So we've made it known, even as a wind company, that it should be stopped."
3 Aug 2012

End of tax credit a blow for wind power industry

There is still a possibility the wind power tax credits could come through as a stand-alone bill or tied to other legislation. But Washington insiders say that is unlikely to happen before the election in November. By then, the wind industry says, it will be too late to avoid massive layoffs and project delays, because wind projects slated for 2013 should already be far along.
17 Feb 2012

Wind turbine tax promise lacks substance

A well-rehearsed claim repeatedly trumpeted by wind project developers, and those wanting to join with them, promises substantial new property tax revenues as a windfall for our schools and counties. This argument becomes a tool used to disarm those neighbors who are opposed to these mammoth towers and the disruption to this agricultural community. As I have investigated these claims of promised new tax revenues, I was struck by what is not shared: Subsequent appeals of the taxes, attempts to claim the turbines are not real property and affects of accelerated depreciation on these turbines thereby rapidly reducing the taxable value.
22 Oct 2009

PSC rejects wind surcharge

KU and sister company Louisville Gas and Electric Co. plan to purchase wind power from the breezy prairie of northern Illinois to help meet what they expect will be federal requirements to increase their use of renewable energy. Last month, they asked the Kentucky Public Service Commission for permission to add a "renewable resource clause" to customer bills so they can recover the costs of the pricier wind power and transmission.
21 Oct 2009

D-300 hears wind farm proposal

The District 300 school board approved a pilot all-day kindergarten program ...The money - an estimated $2 million a year after six years - made from the wind farm would be used to offset the district's energy costs. ...But board member Monica Clark questioned whether it is too good to be true.
28 Jul 2009

Tax-free wind

Stephenson County officials are asking certain area taxing bodies to abate property taxes for the EcoGrove wind farm project for approximately three years, as part of an effort to ensure the initiative's financial viability. While these taxing bodies would lose money in the short term, they would make a considerable amount of funding once the wind farm is up and running and if the project continues to expand, officials said.
21 Feb 2009

Attorney General stays out of zone fight

Illinois Attorney General Lisa Madigan's office has declined to give an opinion about the legality of expanding a jointly-owned enterprise zone in Tazewell County, State's Attorney Stewart Umholtz said Friday. Umholtz requested an opinion from Madigan's office several months ago ...But Umholtz said the issue isn't quite over for him. "This is an issue of statewide importance," he said. "I'm still trying to encourage state government to follow state law."
25 Oct 2008

Marseilles sets Enterprise Zone expansion vote

The request was submitted by Chicago-based Invenergy Wind LLC., which has constructed 66 wind turbines in the Grand Ridge Wind Farm project south of Marseilles, Seneca and Ottawa, and plans to place 200 more turbines in the area. The approximately 17.5-acre E-Zone extends from south of Ottawa to Marseilles and Seneca in La Salle County, and east through Grundy County to Morris.
22 Aug 2008

Enterprise zones

[Stewart] Umholtz, Tazewell County state's attorney, last week said he will pursue legal action against his own County Board's decision to extend an existing enterprise zone, allowing a wind farm development to be eligible for a sales tax abatement. He seeks an Illinois Attorney General's Office opinion on the matter. One of the points Umholtz disagrees with is the issuance of a 3-foot extension many local governments, including the city of Peoria and Tazewell County, utilize to extend their enterprise zones.
4 Aug 2008

Can't get excited about incentives

In Tazewell we detect something more to the spat between the state's attorney and some County Board members than just a difference of professional opinion. While we're none too keen on one part of local government suing another - attorneys win, taxpayers lose - Umholtz is on the right side of this issue by taking his stand on principle. ...the everybody-does-it defense employed by some Tazewell board members is a cop-out for those who know they're on shaky ground but want to rationalize a "yes" vote. Sorry, but these elected officials can read and comprehend the law.
19 Jul 2008

http://www.windaction.org/posts?location=Illinois&topic=Taxes+%26+Subsidies&type=Article
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