Possible tax incentives for nuclear energy in Idaho
Idaho’s state legislature House Revenue and Taxation Committee has printed up a tax incentive proposal for nuclear energy companies.
Two proposed tax incentives that would benefit the nuclear power industry cleared the first hurdle in the Idaho Legislature this morning.
The House Revenue and Taxation Committee voted to print proposals brought by Tim Solomon, executive director of the Regional Development Alliance in Idaho Falls.
The first proposal would exempt processing materials used for the production of energy from sales and use tax. The second proposal would cap net the taxable property value at $400 million for projects that involve an investment of $1 billion or more within seven years.
Eastern Idaho has an opportunity to attract French nuclear services company Areva, but the energy production-exemption proposal would create opportunity for greater investment statewide, Solomon told committee members.
The article makes it clear a little bit later that this is strictly going to be a vote on whether to give tax incentives to nuclear energy companies, not on the environmental impacts of nuclear energy. Guess they want to limit the amount of environmental protest this issue might cause.
