Key Votes
HB 1060 - Wind Energy Facility Tax Refunds - Key Vote
South Dakota Key Votes
Stages
- March 29, 2010 Senate Veto Override Passed
- March 29, 2010 House Veto Override Passed
- March 26, 2010 Executive Vetoed
- March 12, 2010 House Conference Report Adopted
- March 12, 2010 Senate Conference Report Adopted
- March 10, 2010 House Concurrence Vote Failed
- March 9, 2010 Senate Bill Passed
- Feb. 10, 2010 House Bill Passed
- Jan. 12, 2010 Introduced
Family
Issues
Stage Details
Legislation - Veto Override Passed (Senate) (33-0) - March 29, 2010
Legislation - Veto Override Passed (House) (49-19) - March 29, 2010 (Key vote)
Title: Wind Energy Facility Tax Refunds
Vote Smart's Synopsis:
Vote to override a veto of a bill that establishes tax refunds for wind energy facilities that cost $10 million or more and have a construction date on or after January 1, 2010.
Highlights:
-Establishes the following tax refunds for wind energy facilities (Sec. 2):
- -45 percent of taxes paid for projects that cost more than $10 million but less than $40 million; and
-55 percent of taxes paid for projects that cost $40 million or more.
Note:
NOTE: A TWO-THIRDS MAJORITY OF MEMBERS ELECTED IS REQUIRED TO OVERRIDE A GOVERNOR'S VETO.
Legislation - Vetoed (Executive) - March 26, 2010
Title: Wind Energy Facility Tax Refunds
Legislation - Conference Report Adopted (House) (59-10) - March 12, 2010
Legislation - Conference Report Adopted (Senate) (28-2) - March 12, 2010
Legislation - Concurrence Vote Failed (House) - March 10, 2010
Legislation - Bill Passed (Senate) (19-16) - March 9, 2010
Legislation - Bill Passed (House) (48-19) - Feb. 10, 2010 (Key vote)
Title: Agriculture and Business Facility Tax Refund Reductions
Vote Smart's Synopsis:
Vote to pass a bill that reduces tax refunds for new agricultural processing and business facilities.
Highlights:
-Reduces the amount of refunds for new business facilities as follows (Secs. 6 and 7):
- -Existing law:
- -For project costs of less than $10 million, there shall be no refund;
-For project costs of $10 million or more, but less than $15 million, the refund shall be 25 percent of taxes paid;
-For project costs of $15 million or more, but less than $20 million, the refund shall be 33 percent of taxes paid;
-For project costs of $20 million or more, but less than $40 million, the refund shall be 50 percent of taxes paid;
-For project costs of $40 million or more, but less than $60 million, the refund shall be 67 percent of taxes paid;
-For project costs of $60 million or more, but less than $600 million, the refund shall be 75 percent of taxes paid; and
-For project costs of $600 million or more, the refund shall be 90 percent of taxes paid;
- -For project costs of less than $25 million, there shall be no refund;
-For project costs of $25 million or more, but less than $250 million, the refund shall be 50 percent of taxes paid; and
-For project costs of $250 million or more dollars, there shall be no refund.
- -Existing law:
- -If the project costs do not exceed $4.5 million, there shall be no refund;
-If the project costs exceed $4.5 million, the refund shall be 100 percent of taxes attributed to the project costs;
- -For project costs of less than $25 million, there shall be no refund;
-For project costs of $25 million or more, but less than $250 million, the refund shall be 50 percent of taxes paid; and
-For project costs of $250 million or more dollars, there shall be no refund.
Legislation - Introduced (House) - Jan. 12, 2010
Title: Agriculture and Business Facility Tax Refund Reductions
Committee Sponsors
- Appropriations (Sponsor)
