April 1, 2007 |
By
Keith Martin in Washington, DC
Idaho replaced its property taxes on wind farms with a new tax on gross receipts from electricity sales.
The state enacted the new tax in late March. It is retroactive to January 1. All property used to generate, transmit, distribute or measure electricity generated from wind is now exempted from property taxes, but will be subject to a 3% gross receipts tax. The new policy does not apply to public utilities. The tax will be collected annually on July 1. It is supposed to be revenue neutral.
