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House endorses tax to encourage wind development 

The Vermont House has endorsed a new policy that advocates say would encourage development of wind energy projects.
The policy would tax the wind generators based on the amount of power they produce instead of taxing them on their fair-market value as real estate.

Advocates say that makes their annual tax predictable and makes financing of the projects easier.

They do argue with the rate set by the House. Lawmakers set it at a half-penny for every kilowatt hour produced. But advocates say it should be a third of a penny. The renewable energy bill containing the wind tax won preliminary approval today and is due for final debate in the House tomorrow.

Then it will be taken up in the Senate, where advocates hope to lower the tax rate.

Associated Press

wcax.com

5 April 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.

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