Articles filed under Taxes & Subsidies from USA
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.
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.”
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 ....”
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.
Schlomach adds that wind energy is thought to have many benefits; however, in reality, the perceived benefits are an economic waste.
As these overly generous subsidies are being called into question, the only leg the wind industry is purportedly standing on is that it is helping local schools. This could not be a more disingenuous argument. According to the wind industry's own research, state reimbursements — not wind companies — are responsible for the vast majority of “wind industry payments” to schools.
“I tried to negotiate in good faith with Democrats to reach a compromise that would not add to the burden of ratepayers,” LePage wrote. “I requested that the bill include all renewables, return all renewable energy credits (RECs) to ratepayers and have a cap on the price we pay in long-term contracts. We could not reach an agreement. They are not serious about reducing the price of energy for Maine families or job creators.”
Hot air still rules on Capitol Hill, where senators voted Tuesday to restore millions of dollars in taxpayer subsidies for windmills, in a signal that Congress is still eager to pick winners in the emerging renewable-energy sector. ...Tuesday’s wind vote saw 12 Republicans join with 41 Democrats and one independent senator in sustaining full funding for windmill research.
Pennies on the dollar are what some legislative policies cost the average ratepayer. Most people don’t worry about those pennies, but I am not one of those people. I believe that if you watch your pennies, they add up to dimes and eventually to dollars. Those pennies have added up, resulting in Maine having one of the highest electric rates in the country. The last two bills we worked on this year are classic examples of policies that, although well-intentioned, are costly and will likely do nothing to lower energy costs, never mind decrease our tax burden.
An amendment to extend renewable energy credits will not move forward with the U.S. Senate-approved Federal Aviation Administration reauthorization bill this week. Senate Democrats had hoped that the FAA bill could carry renewable energy tax credits that were not included in the omnibus spending bill passed last December.
The Franklin County Industrial Development Agency Board of Directors on Monday took the next step toward making the Jericho Rise wind farm project a reality.
“Americans are sick and tired of D.C. picking the haves and have nots based on who can afford the best lobbyists on K Street,” Koenig said. Koenig also raised concern about opening up a “can of worms” if the energy tax breaks are attached to the bill.
Dozens of conservative groups — including Heritage Action, Americans for Prosperity, FreedomWorks and the Competitive Enterprise Institute – have blasted plans to include the renewable energy tax breaks on the FAA bill. “Congress considered the matter of expiring tax provisions less than 4 months ago. It should also be noted that Congress extended significantly favorable tax treatment to renewable energy in omnibus appropriation legislation that accompanied the aforementioned tax extender package.”
Many asserted that my position is incorrect, under researched and underdeveloped. They argue that renewable energy does in fact have a future and that I just don't have all the information. Well I am here to reiterate: No it doesn't.
There are signs of green economic turmoil everywhere
“The tax exemption made available by Section 487 of the Real Property Tax Law shall not be applicable within the boundaries of the Chateaugay Central School District with respect to any solar or wind energy system constructed subsequent to the date of this resolution,” the board resolution states.