Sales tax exemptions designed to encourage alternative energy development in Wyoming may be hurting local communities' ability to cope with the impacts. But the tax incentives are also bringing such projects to Wyoming, and communities should consider the long-term benefits, including good jobs and new opportunities, a state lawmaker says. The tax exemption "sunset" date was extended from 2008 to June 2012 during last year's legislative session. Companies building alternative energy projects, such as wind farms, enjoy an exemption from paying sales taxes on materials during construction. ...Despite the potential long-term benefits, proposals such as the Glenrock-area wind farms have up-front costs communities have to shoulder, including bringing roads up to par and increasing some social service and law enforcement programs. Usually, increases in sales taxes boost local governments' coffers as projects take hold.
Taxes & Subsidies
Wyoming