| Wind Watch is a registered educational charity, founded in 2005. |
Senate unanimous in forwarding bill on wind farm property taxes
Translate: FROM English | TO English
Translate: FROM English | TO English
The Illinois Senate today approved legislation to set up a uniform way of determining the property taxes that wind farms will pay.
Wind farms, a fledgling industry in Illinois, at present can be assessed in varying ways, depending on where they are located. Different counties have been using differing methodologies.
But if the legislation becomes law, a wind farm installed in 2007 would pay a tax of $9,000 per megawatt, no matter where in Illinois it is. That figure would drop slightly each year because of physical depreciation.
The legislation, which is designated House Bill 664, sailed through the Senate on a 53-0 vote and next moves to the House of Representatives. To become law, it must pass there and be signed by Gov. Rod Blagojevich.
Another part of the bill would phase out an existing 7 percent cap on property assessments in Cook County.
9 August 2007
This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.
The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.
| Wind Watch relies entirely on User Funding |
 (via Stripe) |
 (via Paypal) |
Share:
[ Short URL: https://wind-watch.org/news/?p=6303 ]
