Two North Dakota utilities protest coal tax
Basin Electric Power Cooperative, Bismarck, and Minnkota Power Cooperative, Grand Forks, are paying their coal conversion taxes under protest. The coal conversion tax is a type of property tax—the property tax that could be voted away by North Dakota citizens at the June 12 polls. Paying taxes “under protest” is a preemptive measure for the two companies to recoup their money, should property taxes be abolished and retroactive to Jan. 1, 2012. Since Jan. 1, the companies have collectively paid $5.2 million in the coal conversion tax. Read the story in the Bismarck Tribune on the coal tax protest.
You may be interested in:
Bismarck Tribune article explaining Measure 2
North Dakota Energy Spotlight – Coal-fired Generation