ND SB2209

Amends section 57-33.2-18 of the North Dakota Century Code to create a tiered system for allocating wind generation tax revenue based on wind farm age and siting completion date.

Wind farms with local siting completed after August 1, 2017 have 80% of revenue deposited in the electric generation, transmission, and distribution tax fund for the first five years, then 40% thereafter.

Wind farms with local siting completed on or before August 1, 2017 have 60% of revenue deposited in the electric generation, transmission, and distribution tax fund if construction was completed after December 31, 2014 and the farm is 20-24 years old.

Wind farms with local siting completed on or before August 1, 2017 have 40% of revenue deposited in the electric generation, transmission, and distribution tax fund if 25+ years old or if construction was completed before January 1, 2015.

Any remaining revenue collected under the tiered allocations is deposited in equal amounts in the renewable energy development fund and the general fund.