Vote Smart's Synopsis:

Vote to override a veto of a bill that authorizes tax refunds for wind energy facilities and upgraded power generation facilities.

Highlights:

• Authorizes a refund of sales and excise taxes paid by wind energy facilities for wind turbine installation projects if all of the following are true (Sec. 1):
• The purpose of the project is the creation of electrical energy;
• The project began on or after January 1, 2013; and
• The cost of the project will exceed $50 million.

• Specifies that the amount of the tax refund shall be calculated by multiplying the nameplate capacity of the installed turbines by $45 per kilowatt (Sec. 1).

• Authorizes a tax refund for power generation facilities that have added an environmental upgrade to an existing facility if all of the following are true (Sec. 2):
• The construction date of the project is on or after January 1, 2013; and
• The cost of the project will exceed $50 million.

• Specifies that the amount of the tax refund shall be 50 percent of the taxes paid for the upgrade project (Sec. 2).

• Specifies that project costs incurred after January 1, 2017 are not eligible for the refund (Sec. 2).

Full Bill Text

Vetoed by Governor Dennis Daugaard

Vote Smart's Synopsis:

Vote to concur with Senate amendments and pass a bill that authorizes tax refunds for wind energy facilities and upgraded power generation facilities.

Highlights:

• Authorizes a refund of sales and excise taxes paid by wind energy facilities for wind turbine installation projects if all of the following are true (Sec. 1):
• The purpose of the project is the creation of electrical energy;
• The project began on or after January 1, 2013; and
• The cost of the project will exceed $50 million.

• Specifies that the amount of the tax refund shall be calculated by multiplying the nameplate capacity of the installed turbines by $45 per kilowatt (Sec. 1).

• Authorizes a tax refund for power generation facilities that have added an environmental upgrade to an existing facility if all of the following are true (Sec. 2):
• The construction date of the project is on or after January 1, 2013; and
• The cost of the project will exceed $50 million.

• Specifies that the amount of the tax refund shall be 50 percent of the taxes paid for the upgrade (Sec. 2).

• Specifies that project costs incurred after January 1, 2017 are not eligible for the refund (Sec. 2).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that authorizes tax refunds for wind energy facilities and upgraded power generation facilities.

Highlights:

• Authorizes a refund of sales and excise taxes paid by wind energy facilities for wind turbine installation projects if all of the following are true (Sec. 1):
• The purpose of the project is the creation of electrical energy;
• The project began on or after January 1, 2013; and
• The cost of the project will exceed $50 million.

• Specifies that the amount of the tax refund shall be calculated by multiplying the nameplate capacity of the installed turbines by $45 per kilowatt (Sec. 1).

• Authorizes a tax refund for power generation facilities that have added an environmental upgrade to an existing facility if all of the following are true (Sec. 2):
• The construction date of the project is on or after January 1, 2013; and
• The cost of the project will exceed $50 million.

• Specifies that the amount of the tax refund shall be 50 percent of the taxes paid for the upgrade (Sec. 2).

• Specifies that project costs incurred after January 1, 2017 are not eligible for the refund (Sec. 2).

Full Bill Text