Article

Wind farm measure gains

DENVER -- The state property tax administrator annually would determine the amount of a production tax to be paid by new wind farms under a bill that won unanimous approval Thursday in the Colorado House Finance Committee.

Rep. Wes McKinley, D-Walsh, won his argument that the current method of taxing wind turbines as a property tax puts Colorado at a disadvantage with other High Plains states trying to lure renewable energy companies to their states. The companies are less likely to invest in Colorado when their start-up costs are so high, he said.

House Bill 1275 would eliminate the sliding scale of taxes based on depreciation and level out the taxes paid to counties over a 20-year period based on the amount of wind energy produced.

The bill, if passed and signed by the governor, would affect new and expanded wind farms at Peetz in Logan County, north of Akron in Washington County, and northeast of Greeley at Grover in Weld County.


Logan County Commissioner Jack McClavey was among industry and county officials supporting the bill, especially with an amendment that removed a set tax rate and placed the rate-setting responsibility with the state property tax administrator.

"We need these wind projects to be built in Colorado," McClavey said. "A levelized tax stream would be an incentive for (the developers) to further consider our area for construction."

The only opponent to testify Thursday was Patrick Boyle of... more [truncated due to possible copyright]  

Rep. Wes McKinley, D-Walsh, won his argument that the current method of taxing wind turbines as a property tax puts Colorado at a disadvantage with other High Plains states trying to lure renewable energy companies to their states. The companies are less likely to invest in Colorado when their start-up costs are so high, he said.
 
House Bill 1275 would eliminate the sliding scale of taxes based on depreciation and level out the taxes paid to counties over a 20-year period based on the amount of wind energy produced.
 
The bill, if passed and signed by the governor, would affect new and expanded wind farms at Peetz in Logan County, north of Akron in Washington County, and northeast of Greeley at Grover in Weld County.
 
 
Logan County Commissioner Jack McClavey was among industry and county officials supporting the bill, especially with an amendment that removed a set tax rate and placed the rate-setting responsibility with the state property tax administrator.
 
"We need these wind projects to be built in Colorado," McClavey said. "A levelized tax stream would be an incentive for (the developers) to further consider our area for construction."
 
The only opponent to testify Thursday was Patrick Boyle of the Colorado Assessor's Association. He questioned the constitutionality of using a different method of taxing for new wind farms while taxing existing facilities under the current method.
 
Prowers County commissioners in McKinley's House District 64 vigorously opposed the bill until it was amended to exempt existing facilities.
 
If passed by the House, the bill will be sponsored in the Senate by Sen. Greg Brophy, R-Wray.


Source: http://www.fortmorgantimes....

MAR 3 2006
https://www.windaction.org/posts/1535-wind-farm-measure-gains
back to top