Tax Exemptions for Large Commercial Wind Farms

In South Dakota, wind farms constructed after July 1, 2007 are eligible for an alternative taxation calculation in lieu of all taxes on real and personal property levied by the state, counties, municipalities, schools, and other political subdivisions. The definition of "wind farm" includes only facilities producing electricity for commercial sale and having a minimum nameplate capacity of 5 MW. All property used or constructed to interconnect individual wind turbines within a wind farm into a common project, termed the "collector system", is eligible for the exemption and alternative taxation. The alternative taxation method has two components: the first component is an annual tax equal to $3/kilowatt (kW) of the nameplate capacity of the wind farm, prorated according to when the wind farm begins operation during the first calendar year; the second component is a 2% annual tax on the gross receipts of the wind farm. The gross receipts are calculated as the number of kilowatt-hours (kWh) produced multiplied by a base electricity rate of $0.0475/kWh in 2008, with the base rate increasing by 2.5% annually thereafter. A partial rebate of the taxes paid under this formula is available for the construction of transmission lines in South Dakota that serve an eligible facility. The total maximum rebate is 50% of the combined cost of the transmission lines and wind farm collector system. The maximum rebate in one year is 90% of the gross receipts tax for the first 5 years and 50% of the gross receipts tax for the next 5 years. No rebates will be issued after this 10-year period. Up to 80% of the rebate may be issued in the form of a tax credit in lieu of full payment of the gross receipts tax. Contact: South Dakota Department of Revenue and Regulation, Property and Special Tax Division, 445 East Capitol Avenue, Pierre, SD 57501-3100; 605-773-5120; 605-773-6729;http://www.state.sd.us/drr2/propspectax/assessor/power_light.htm

Click here For More Information On green grants for single mothers .

We have Over 200 Programs Waiting For You!


What if you could access extra money for the things you need, without having to search endlessly to find it? What if you could find hundreds of programs quickly and easily, for less than a cup of coffee? Let us help you find access to programs that could change your current situation now. Whatever you need the money for, there are programs designed to help you now. We’ve been helping people for more than 30 years find and qualify for government funding. Hundreds Of Thousands Of Citizens Are Receiving Government Funding Now, Why Aren’t You? Find a program suited to your needs, and start helping yourself achieve the funding you desire!
  • Purchase a new family vehicle
  • Pay off your current credit cards
  • Clear any past due bills
  • Start a new business
  • Finally purchase that new home
  • Get funding for your non-profit
  • Get training in a new career
  • Go back to school
  • And much more!
Crazy Matthew Lesko

Let Us Help You Find Funding For All These Life Expenses Now For Only $2.95 for a 7 day trial! 
You’ll receive access to these amazing services just by registering
today:

  • 24/7 Email Access to answer ANY questions
  • Top-secret interview videos with government officials
  • The world’s most exclusive collection of Grants, Loans and other Free Services
  • 1-on-1 training with Matthew Lesko
  • Priority Notification of OVER 200 New Monthly Programs
  • Access to a team of experts to prepare customized reports
  • Assistance writing grants from trained Free Money Experts
  • Unlimited access to Matthew Lesko and His Researchers
  • – a dedicated team to help you find and utilize programs in your area
  • Free assistance filling out ANY government application
Get Started Now and Join For Only $2.95! You shouldn’t have to pay a fortune to receive a fortune. Let us help you find all the programs you need now for less than a cup of coffee! Select your membership length by clicking the appropriate check box and adding to your cart.

7 Day Day Trial Plan $2.95 - cancelable at any time: Learn Where, When, and How To Apply With Our 7 Day Trial Membership! If you choose to continue after 7 days you will be billed $19.95 monthly or you may select our from our discounted plans below, cancelable at any time.
6 Month GOLD PLAN $79.70 + $19.95/Mo after 6 months and cancelable at any time: Plenty of time to research, ask questions and get responses for your requests! Act now your satisfaction is guaranteed!
1 Year PLATINUM PLAN $159.40 + $19.95/Mo after 12 months and cancelable at any time: Take the entire year to research, ask questions and file as many applications as you want. Our librarian will help you all the way.

 

Leave a Reply

Your email address will not be published. Required fields are marked *