Source: http://sdlegislature.gov/sessions/2007/cmminute/minSTA02090745.htm
Timestamp: 2020-04-07 01:25:35
Document Index: 398929721

Matched Legal Cases: ['§ 13', '§ 10', '§ 13', '§ 10', '§ 10', '§ 10', '§ 10', '§ 10', '§ 10', '§ 1']

Senate Taxation Minutes 02/09/2007 7:45 AM
P McNenny, Chair
The meeting was called to order by Chair McNenny
SB 216: authorize a county gross receipts tax on certain lodging, alcoholic beverages, prepared food, and admissions.
MOTION: DEFER SB 216 TO THE 41ST LEGISLATIVE DAY
Voting Yes: Duenwald, Garnos, Hansen (Tom), Jerstad, Koetzle, Lintz, Peterson (Jim), Turbak, McNenny
SB 182: provide for incentives for the development of certain power production facilities utilizing renewable resources.
The Chair deferred SB 182 until Wednesday, February 14, 2007.
SB 173: revise certain provisions concerning the assessment of real property, to revise certain tax levy limitations for schools, to determine the deferred value and taxes of agricultural land that is changed to another classification of property, and to repeal the nonagricultural acreage classification.
Proponents: Representative Larry Rhoden
Michael Kenyon, Department of Revenue and Regulation (Handout #1)
Kirk Chaffee, Director of Equalization for Meade County
Scott Jones, South Dakota Cattlemen's Association
Carrie Stadheim, South Dakota Stockgrowers
Robert O'Connell, Sioux Falls Chamber of Commerce
John Teupel, self, Spearfish
Opponents: Bill Lynch, Associated School Boards of South Dakota (Handout #2)
Mary Worlie, Director of Equalization for Brown County
Joyce Dragseth, Director of Equalization for Brookings County
Renee Buch, Director of Equalization for Hamlin County
" Section 22. That § 13-13-72.1 be amended to read as follows:
13-13-72.1. Any adjustments in the levies specified in subdivision 13-13-10.1(6) § 10-12-42 made pursuant to §§ 13-13-71 and 13-13-72 shall be based on maintaining the relationship between statewide local effort as a percentage of statewide local need in the fiscal year succeeding the fiscal year in which the adjustment is made. In addition to the adjustments in the levies provided by this section, the levies for nonagricultural property and owner-occupied single-family dwellings shall also be adjusted as necessary to account for the additional increase in the total assessed value for nonagricultural property and owner-occupied single-family dwellings pursuant to section 1 of this Act. ".
Section 20. That § § 10-6-33.1, 10-6-33.4, 10-6-33.6, 10-6-33.14, 10-6-33.15, 10-6-33.17, 10-6- 33.18, 10-6-33.19, 10-6-33.20, and 10-6-33.23 be repealed.".
Voting Yes: Duenwald, Garnos, Hansen (Tom), Lintz, McNenny
Voting No: Jerstad, Turbak
Excused: Koetzle, Peterson (Jim)
MOTION: TO AMEND TITLE OF SB 173
MOTION: RECONSIDER SB 40
Voting Yes: Duenwald, Garnos, Hansen (Tom), Jerstad, Lintz, Turbak, McNenny
MOTION: AMEND SB 40
On page 1, line 1 of the printed bill, delete everything after " to " and insert "determine the deferred value and taxes of agricultural land that is changed to another classification of property.".
The Chair deferred SB 40 until Wednesday, February 14, 2007.
SB 205: provide for incentives for the development of certain power production facilities utilizing renewable resources.
Presented by: Senator Frank Kloucek (Handout #3)
Proponents: Mike Turcotte, self, Bangor, Maine
Dean Wink, self, Faith
(1) "Nonrenewable energy production facility," any facility that produces energy using primarily coal-fired, oil-fired, steam-generated, or hydroelectric means;
(2) "Qualified renewable energy producer," a person who owns a qualified renewable energy conversion facility;
(3) "Renewable energy production facility," a renewable energy conversion facility that produces electricity through the use of renewable resources, including sun, wind, geothermal, or biomass;
(4) "Renewable energy," energy, including electricity that is produced through the use of renewable resources, including sun, wind, geothermal, or biomass.
Section 2. Any commercial renewable energy production facility, utilizing renewable resources, such as sun, wind, geothermal, or biomass, that begins generating electricity after June 30, 2007, that produces at least one-fifth of one megawatt but not more than two thousand megawatts of electricity as measured by nameplate rating, that is located within one or more adjacent counties, and that is owned in whole or part by a qualified renewable energy producer that leases the land on which the facility is located from a South Dakota resident, municipality, or school district is subject to the provisions of this Act.
Section 3. Any commercial renewable energy production facility that uses renewable resources, such as sun, wind, geothermal, or biomass to produce energy; that is qualified to produce and convert renewable energy; and that leases base, foundation, tower, substation, and facility land from a South Dakota landowner is exempt from the taxes imposed under the provisions of chapters 10-46A, 10-46B, and 10-46C for the construction of a new or expanded facility, the contractor's excise tax, and sales and use taxes attributed to the project costs, excluding any associated transmission facilities.
Section 4. That § 10-4-36 be repealed.
10-4-36. All real property used or constructed for the purpose of producing electricity for commercial purposes that utilizes the wind as an energy source is classified for tax purposes as wind energy property and shall be assessed and taxed in the same manner as other real property and shall be locally assessed by the county director of equalization pursuant to § 10-3-16. For the purposes of §§ 10-4-36 to 10-4-38, inclusive, real property includes the base, foundation, tower, and substations. Real property does not include the wind turbine or blades attached thereto.
Section 5. That § 10-4-37 be repealed.
10-4-37. Any wind energy property of a commercial wind power production facility shall be assessed under the provisions of this chapter.
Section 6. That § 10-4-38 be repealed.
10-4-38. Wind energy property is not subject to any discretionary formulas authorized by Title 10.
Section 7. A tax of $0.0025 per produced kilowatt/hour transmitted outside the state of South Dakota is imposed on any new renewable energy production facility that begins generating electricity after July 1, 2007. Any nonrenewable energy production facility existing on March 1, 2007 is exempt from the tax imposed in this section. The expansion of any such existing nonrenewable energy production facility is exempt from the tax.
Section 8. A tax of $0.0025 per kilowatt/hour transmitted over any transmission line that has been installed after July 1, 2007 is imposed on any renewable energy production facility that uses the transmission line.
Section 9. Money collected from the taxes established in sections 7 and 8 of this Act shall be deposited in the renewable energy development fund, which is hereby established as a special fund in the state treasury. Money in the fund consists of money deposited pursuant to this section, interest on investments, and moneys from all legal public and private sources, including legislative appropriations and federal grants. Money may be expended from the fund as determined by the general appropriations act according to Title 4. Money deposited in the fund from revenues generated pursuant to section 8 of this Act shall be used for projects that build capacity for the transmission or generation of electric energy from renewable sources. Money deposited in the fund from revenues generated pursuant to section 7 of this Act shall be used for the promotion, publicizing, and development of opportunities and capabilities in South Dakota related to the development of renewable energy; for administrative costs; and for other purposes related to the development and use of renewable energy. Of any additional revenue generated under section 7 of this Act, fifty and one tenth percent shall be distributed to the counties on a pro rata basis according to population, and forty-nine and nine tenths percent shall be deposited in the general fund. The South Dakota Energy Infrastructure Authority established pursuant to § 1-16I-2 shall administer the programs, projects, and activities authorized pursuant to this section."
The Chair deferred SB 205 until Wednesday, February 14, 2007.