[ exact phrase in "" • ~10 sec • results by date ]

[ Google-powered • results by relevance ]


LOCATION/TYPE

News Home
Archive
RSS

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Publications & Products

Photos & Graphics

Videos

Allied Groups

Senate overrides veto on wind farm tax legislation  

All wind farms in Illinois now will be assessed in the same manner for property tax purposes.

The Illinois Senate today voted 55-1 to override Gov. Rod Blagojevich’s partial veto of House Bill 664, which deals mainly with Cook County property tax assessments but also includes provisions on assessing wind farms. The governor’s veto pertained only to the Cook County parts of the legislation.

The House of Representatives last week also overrode the governor’s veto of the bill. The Senate’s identical action today means the entire measure will become law immediately despite Blagojevich’s objections.

To date, wind farms in Illinois have been assessed in different ways, depending on their location. HB664 is meant to end that inconsistency.

Under the new law, a wind farm installed this year will pay a tax of $9,000 per megawatt. That figure would drop slightly each year because of physical depreciation of the wind devices.

The law expires in 2011. Lawmakers said they included that “sunset” date so they could analyze how well the change works.

Peoria Journal Star

12 October 2007

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate

Share:


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook

Share

CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.
Share

 Follow: