Governor signs tax break bills for Idaho enrichment plant

POSTED: 07:58 MDT Wednesday, March 26, 2008

by Associated Press

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Tags - AREVA, Idaho Legislature, nuclear energy, taxes

A French company that is considering construction of a uranium enrichment plant in Idaho will get tax breaks as two bills were approved by Gov. C.L. “Butch” Otter. Otter signed the bills Monday that could help Areva Inc. save tens of millions on their tax bills each year.

The tax incentives are intended to help convince Areva to build a $2 billion uranium enrichment facility near the Idaho National Laboratory in the eastern part of the state.

One bill signed by Otter extends a sales tax exemption for production equipment that handles nuclear fuel.

The other is designed to cap property tax valuations at the plant at $400 million if Areva invests at least $1 billion in the next seven years.

2 Comments

Great news! Hopefully Areva will choose to build the plant here.
Comment By Pro-power
Wednesday, March 26, 2008 @ 12:37 PM

great news if you're into radioactivity!
Comment By anti nuke
Tuesday, April 1, 2008 @ 9:24 PM

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