South Dakota’s Proposed Tax Changes Could Slow Wind Power Development
Wednesday, February 24, 2010
South Dakota legislators are considering changes in their tax policy that may discourage wind power developers from investing in South Dakota.
South Dakota is the fifth windiest state in the nation, but neighboring states with fewer wind resources are installing more wind power and capturing more of the wind industry’s jobs and income. One key difference is that states such as Iowa have enacted policies that encourage wind power development.
ELPC Policy Advocate Matt McLarty said the economic benefits of wind energy in South Dakota would be much greater than the savings from the proposed measures. “They’re talking about a budget savings of $3 million for the state when there’s the potential for billions in wind investments,” McLarty said. “These three bills will do long-term damage to South Dakota and its wind investments.”
read more in the Argus Leader
Tags: Repowering the Midwest

























