House takes up debate on 2 bills to lure enrichment plant to ID
BOISE, Idaho (AP) _ The House Revenue and Taxation Committee
Monday began discussing tax incentive bills meant to lure a French
company's uranium enrichment facility to eastern Idaho.
One would cap Areva Inc.'s property tax valuation at $400
million, provided it invested $1 billion.
The other would extend a production sales tax credit to cover
equipment used to make energy.
Areva is eyeing a site near the Idaho National Laboratory
nuclear reservation in Bonneville County for its $2 billion plant.
But the company wants tax breaks, otherwise Areva could build in
While some Idaho lawmakers hailed the project's economic
promise, anti-nuclear groups fear unwanted waste.
The tax committee will debate the measure in coming days.
(Copyright 2008 by The Associated Press. All Rights Reserved.)