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As coal taxes decline, Republicans eye raising taxes on wind and solar developments
Three of the four companies mining coal in Montana have filed for bankruptcy since 2018.
Republican Gov. elect Greg Gianforte signed the Americans for Tax Reform pledge to oppose and veto any and all efforts to raise taxes. Nonetheless, he indicates willingness weigh in tax proposals from the Legislature.
Citing a need to “level the playing field” on energy taxes, Montana’s majority Republican Legislature will consider raising taxes on wind and solar developments as the coal industry struggles.
The tax increase on renewables isn’t likely to replace all of the revenue lost to coal’s decline, but it would help, said state Sen. Duane Ankney, a Republican from Colstrip, home to a large-but-struggling coal-fired power plant and coal mine.
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