Articles filed under Taxes & Subsidies
“The state paid more to wind companies in May than the general fund netted from all other corporate income taxpayers combined,” said Doerflinger in a statement. “How messed up is that?”
Harbert will argue that the wind production tax credit, or PTC, from the 1990s has been successful in ramping up the amount of electricity produced from wind turbines from a very low number to providing as much as 4.7 percent of the nation's power mix. But it is doing it at the expense of the 20 percent of electricity that comes from the nation's nearly 100 nuclear power plants.
The Somerset Town Board decided this week to take advantage of a provision in state law that allows local governments to prevent property tax exemptions for wind power projects.
"Our town, school and county have a decidedly mixed experience with PILOTs, as have many across the state,” resident Randy Atwater said. “We know that our community does not want this project, but if we lose the battle and the project proceeds, I'd prefer the project be taxed on the full value of the installation.”
"You have to remember this is a billion-figure cost that we’re passing on to the Danes," said the party’s leader, Kristian Thulesen Dahl. "While some investors may be annoyed by the fact that they won’t make as much money, that’s no biggie, it’s just business. We also have a responsibility to discuss the costs we impose on Danes over the next 10 year."
The Spanish Supreme Court has dealt a new blow to renewable energy producers. In a ruling, the court backed the 2014 government decree that resulted in cuts of nearly €1.7 billion in subsidies for the sector.
Did the wind industry ever tell you that their turbines are of no practical use for most of the time? Do you now understand the meaning of the capacity factor? Repeat: it is time to put the welfare of Ontarians ahead of your ego and stop this waste now. We all make mistakes, and the smart people learn from them. It is now clear to all critical and realistic thinkers that wind and solar will never replace or even moderately supplement nuclear and other reliable sources of the electrical energy in Ontario.
Wyoming lawmakers are calling such statements a bluff. The Cowboy State’s bountiful breeze means developers will continue to flock to its vast expanses of wind-blown prairie, regardless of the tax, they say. What’s more, they argue, Congress extended the $23-per-megawatt-hour tax credit for wind producers last year. They contend Power Company of Wyoming can spare some of those proceeds.
Some legislators were unmoved by the pleas made by Miller and other wind proponents to the committee. “If it kills a project, it kills a project,” Sen. Ogden Driskill, R-Devils Tower, said. “If wind doesn’t provide some form of significant benefit to the state of Wyoming, I don’t care if it’s here.”
An Oklahoma House committee Monday defeated a bill designed to save the state $306 million over more than a decade by phasing out the state's zero emissions tax credit for the wind industry beginning at the end of 2017 rather than the end of 2020.
The Low Carbon Contracts Company (LCCC) had sent a notice to the developer, Mainstream Renewable Power, effectively withdrawing the subsidy. Mainstream Renewable Power has taken legal action over the notice and said it “strongly disputed the validity of the termination notice”.
Plans for a huge wind farm in the outer Forth estuary are in doubt after the project hit a series of delays and lost a vital subsidy deal. The Neart na Gaoithe wind farm is the subject of a legal challenge by RSPB Scotland, which argues the scheme is an unacceptable threat to seabirds.
A group of lawmakers, accusing wind farms of “seeking to shut down” the coal industry, drummed up proposals Wednesday to increase taxes on the renewable energy source to raise money for education. ...Sen. Cale Case, R-Lander, disagreed, arguing that wind turbines destroyed viewsheds for up to 200 years, a much longer time than mines and drilling rigs. “With wind, that viewshed is lost forever,” he said. “It is severed.”
Opposition peers sought to extend the government's grace period criteria until 31 March 2017 for wind farms that had secured planning permission before 18 June 2015 and issued legal agreements by 18 September 2015. But a final vote on the amendment was defeated by 204 votes to 109, and the amendment was subsequently withdrawn.
Representative Michael Madden is co-chair of the Revenue Committee. He says wind should pay a similar tax rate as coal and gas, even though it is a renewable resource. “I can’t see any fundamental reason to treat one different from another," he said.
The first objection states that the real estate does not qualify as an ERA as defined by Indiana Code. “(Roberts) objects to any designation of the subject 21 square miles of real estate as described in the (county’s) preliminary resolution as an Economic Development Area. ...By law, an economic development area is supposed to be undesirable or impossible to develop for economic growth. The objection states that the area in question is “some of the most valuable and productive farmland in Henry County ....”
Denmark will scrap the “expensive and ineffective” tariff that has been financing renewable energy development since 1998, the government has announced. ...“The PSO tariff is expensive and ineffective. We have long believed that the rising costs are unsustainable and now it is abundantly clear that we have to find an alternative. Therefore the government is ready for a showdown over the PSO levy.”
In fact, wind and solar “farms” have become troublesome “gridmonsters”. They are uncontrollable, cruel and unreasonably costly. Gridmonsters have a licence not only to kill, but also to bill. Enabled by Ontario’s Green Energy Act , they drive up electricity prices while ravaging rural neighbourhoods and wildlife.
Thus, the 30-year average tax revenue benefit to the Sanborn Central School District would be a meager $7,600 per year. They currently receive $4,877 per student from the state, meaning that tax revenue equates to a mere 1.6 students over the life of the project. If we have one young family move from Sanborn County, not wanting to live in the shadows of these behemoths, it would more than wipe out the supposed tax benefit.
Oklahoma is in a budget crisis, and citizens' tax dollars are headed overseas in the form of breaks for the wind industry.