| Wind Watch is a registered educational charity, founded in 2005. |
Wind energy task force sets course for studies
Credit: BY BOB MERCER American News Correspondent, www.aberdeennews.com 27 July 2011 ~~
Translate: FROM English | TO English
Translate: FROM English | TO English
PIERRE – A legislative wind energy task force wants to hear from companies operating projects within the state about what developers in the state prefer.
Wednesday, the special task force studying South Dakota’s competitiveness in wind energy development also requested an analysis of South Dakota’s various taxes and incentives that affect wind projects in comparison to those in neighboring states of Minnesota, North Dakota and Iowa.
And they asked for an update on the work of the South Dakota Energy Infrastructure Authority, which was created about six years ago but hasn’t been heard from much since.
The task force, chaired by Rep. Roger Solum, R-Watertown, has four legislators and seven other members. The next meeting is Sept. 7 at the Capitol. The Legislature passed a law in the 2011 session creating the task force.
Iberdrola Renewables director of state and local taxes Russ Nelson presented the task force with a quick overview Wednesday showing taxes on a $200 million project in each of the four states.
Sales and use taxes would run $5.7 million in South Dakota while they would cost $1 million in North Dakota, $1.4 million in Minnesota and $1.2 million in Iowa.
He said the South Dakota taxes would climb to $11.4 million starting in 2013 if there’s no replacement for the state’s refund program that is in place through Dec. 31, 2012.
Property taxes over a 20-year period would be $12.5 million in South Dakota, $10.5 million in North Dakota, $8.5 million in Minnesota and $10.1 million in Iowa, according to Nelson.
South Dakota’s one area of clear advantage is in income taxes. Those would be zero in South Dakota, $1.1 million in North Dakota, $1.7 million in Minnesota and $2.1 million in Iowa, he said.
“Income taxes are not the tail that wags our tax dog, and never will be,” Nelson told the panel.
One of the task force’s members is Brett Koenecke, a Pierre lawyer whose clients include Iberdrola, a Spain-based international company whose U.S. operations are headquartered at Portland, Oregon.
Koenecke suggested that companies be invited to tell the task force what would motivate development by them in South Dakota.
“I think that would be very instructive for this group to take a look at,” he said.
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 Contributions |
 (via Stripe) |
 (via Paypal) |
Share:
[ Short URL: https://wind-watch.org/news/?p=11406 ]
