![College of Business and Economics Poster Presentations](../../assets/md5images/5ce964257ed66a53886261c4c7506515.gif)
College of Business and Economics Poster Presentations
Title
Renewable Energy Tax Credit
Document Type
Student Presentation
Presentation Date
4-16-2012
Faculty Sponsor
Scott Lowe
Abstract
In 2005, the renewable energy tax rebate program was created to exempt renewable energy producers from paying the state’s 6% sales tax. This incentive has caused a boom in wind farms in Idaho. Wind power capacity alone went from 0 MW in 2005 to 471 MW in 2011. The senate voted 17-18 against an extension on the tax credit in April 2011. The reason the senate voted against the tax extension is that it appeared the program was adding $50 million dollars to the state deficit.
It was later revealed by the Idaho Tax Commission that the program was revenue neutral.