Kansas Senate panel considers cutting green energy incentive

TOPEKA, Kan. (AP) — Kansas renewable energy plants would lose their exemption to property tax under a bill discussed by a Senate panel.

The Senate Assessment and Taxation Committee held a hearing on the bill Monday. Companies producing energy from wind, solar or other renewable resources have been exempt from property tax since 1999. The bill would instead give those companies a 10-year exemption.

Chairman and Republican Sen. Les Donovan said that the bill still would provide an incentive for renewable investment, but require those companies to pay their fair share.

But representatives of renewable energy companies testified that the bill would amount to breaking a contract with developers. They said it would unfairly punish those who invested in Kansas early, as they would owe back taxes.

 

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s