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New tax proposal may spark wind farms

DENVER - Peetz could have more wind turbines than people if state lawmakers can settle a dispute over how to tax them.

Chicago-based Invenergy Wind is one of the main forces behind House Bill 1275, which would change the method of taxation on wind turbines from a business personal property tax to a production tax. If passed, it would significantly lower the start-up costs of developing a giant wind farm just 15 miles south of the Nebraska border.

"The idea is to level out the tax burden placed on these facilities so it reduces the up-front costs to the developers," said Sen. Greg Brophy, R-Wray, who is sponsoring the bill with Rep. Wes McKinley, D-Walsh.
Chicago-based Invenergy Wind is one of the main forces behind House Bill 1275, which would change the method of taxation on wind turbines from a business personal property tax to a production tax. If passed, it would significantly lower the start-up costs of developing a giant wind farm just 15 miles south of the Nebraska border.

"The idea is to level out the tax burden placed on these facilities so it reduces the up-front costs to the developers," said Sen. Greg Brophy, R-Wray, who is sponsoring the bill with Rep. Wes McKinley, D-Walsh.

Source: http://www.journal-advocate...

FEB 24 2006
https://www.windaction.org/posts/1445-new-tax-proposal-may-spark-wind-farms
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