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Tax Relief for Wind Farms

03 Sep 2010 9:04 AM | Deleted user
Gov. Pat Quinn signed legislation to extend property tax relief for wind farms in Illinois and give local governments the authority to finance renewable energy projects in unincorporated areas of the state.

H.B. 4797 keeps wind farms’ property tax assessments uniform by extending a sunset provision of the property tax code through 2016, giving the industry the ability to anticipate operating costs. Without the provision, property taxes on wind farms would be based on location. (more)



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