(a) Notwithstanding any other provisions of this article, a power project designed,
constructed or installed to convert wind into electrical energy shall be subject to
the provisions of this section.
(b) Each wind turbine installed at a wind power project and each tower upon which
the turbine is affixed shall be considered to be personal property that is a pollution
control facility for purposes of this article and, subject to an allocation of the
value of project property determined by the Tax Commissioner in accordance with this
section, all of the value associated with the wind turbine and tower shall be accorded
salvage valuation: Provided, That the portion of the total value of the facility assigned salvage value in accordance
with this section shall, on and after the first day of July, two thousand seven, be
no greater than seventy-nine percent of the total value of the facility. All personal property at a wind power project other than a wind turbine and tower
shall not be accorded salvage valuation and shall not be considered to be personal
property that is a pollution control facility. For purposes of this section, “wind turbine and tower” is limited to: The rotor,
consisting of the blades and the supporting hub; the drive train, which includes
the remaining rotating parts such as the shafts, gearbox, coupling, a mechanical brake
and the generator; the nacelle and main frame, including the wind turbine housing,
bedplate and the yaw system; the turbine transformer; the machine controls; the
tower; and the tower foundation.
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