House takes up debate on 2 bills to lure enrichment plant to ID

Boise, ID

Tools

By Gina Jameson

02/25/08

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
another state.

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.)
APNP-02-25-08 1127MST<




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