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Tax Increases For Wind Industry
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Legislation (HB2818/SB441) from Manchin introduced today would increase the amount of taxable electricity generated by wind turbines from five percent to 12 percent of capacity.
The proposal would also credit wind farms for any money or land they agree to donate to local governments or schools.
But only agreements reached before this year would be eligible for credits under the bill.
Administration officials say the bill responds to concerns about this new energy industry paying its fair share in West Virginia.
West Virginia has one wind farm, a 44-tower complex in Tucker County. But several more have been proposed, including one in nearby Grant County where developers want to plant 200 turbines.
Associated Press
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