Wind PTC - The Out-of-Control IRS, Rewriting Laws

Nowhere is this truer than in the IRS’s repeated expansion of the controversial wind-production tax credit, which provides federal subsidies to wind-energy producers. Over the last two and a half years, the agency has shown how a slow-but-steady watering down of federal law can completely reshape its original scope and intent — alarmingly, without any congressional action.

http://www.nationalreview.com/article/417637/out-control-irs-rewrit...

Also:

Marchant Wields Blade Against Wind Subsidies

Neil McCabe | Apr 29, 2015

The green energy barons have had a good run in the Age of Obama, but Capitol Hill conservatives are mounting their first serious challenge to these charlatans in the new Congress with the PTC Elimination Act filed by Rep. Kenny E. Marchant (R.-Texas).

http://townhall.com/columnists/neilmccabe/2015/04/29/marchant-wield...

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Comment by Eric A. Tuttle on April 29, 2015 at 3:34pm

As in Augusta, the DEP takes direction from the committees thus does the IRS from some committee I am sure. Our legislature then votes based on their own desires vs the peoples and generally at the recommendation of the committee. Rumor is that the IRS may be eliminated though I have heard nothing more than a suggestion that it would be put into private Accounting hands. At least those crooks can get prosecuted, whereas IRS workers can not. If LePage rids Maine of Income Tax any PTC would have been tax exempted so probably would not affect Renewable Energy's bottom line. Shifting that to the Sales Tax (Consumption Tax) would put another hike on Electrical Rates and other utilities shifting the burden from Business Income to the poorest and the elderly on low or fixed incomes. The recent two items where Brewer (maybe) and Skowhegan big businesses are asking for a re-evaluation of their business and an abatement is the first step in avoiding the hinted at increase in property taxes to possibly take up some of the budget deficiencies created by the income tax elimination. They are having their assessment done, so they will hold standing for a lower value should that come to be. Watch all major businesses and smaller ones in Maine attempt to follow suit. The longer they hold standing the greater their chances to avoid a major Tax Hit. 

Maine's highest corporate Income tax is 8.9% (recent article I read) If the mil rate goes up 0.17 that would be a 17% hit. With a Homestead Exemption increase, most homeowners may not take such a large hit, but still pay substantially more. This will be interesting to see how Renewables are assessed.  

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

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