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Waterloo school board may opt out of exemption for solar, wind projects

Section 487 of the state’s Real Property Tax Law allows solar, wind and farm-waste energy systems to be exempt from property taxes for 15 years. The exemption also applies to other types of electricity- and power-generating systems.

The legislation also allows a school district to adopt a resolution that would make those projects ineligible for the tax exemption if they begin construction after the effective date of the resolution.

That’s what the Waterloo Board of Education will consider doing that Monday night.

It will consider a resolution eliminating the tax exemption for the wind, solar or farm-waste energy systems within the school district’s boundaries. If adopted, the resolution would go into effect immediately, requiring developers of a large solar panel farm proposed for the west end of the town to pay school taxes.

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