SD Gov. Vetoes 'Discriminatory' Wind Farm Incentives

Law360, New York (March 19, 2012, 7:14 PM EDT) -- South Dakota lawmakers failed Monday to override the governor's veto of a bill that would provide tax rebates for large-scale wind-power projects, disappointing developers who now face an uncertain tax rate on their planned initiatives there.

The bill, which worked its way through the state's legislature after its introduction in January, would have refunded a portion of sales and use taxes, as well as contractors' excise taxes, for wind farms costing $50 million or more that would have been completed after Jan. 1. The provisions would...
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