“Tribal Wind Development: An Alternative Approach” Kennis M Bellmard II Kennis M. Bellmard, II & Robert “Bud” Scott
Economic Development Authorities Tribal Business Structures Tribal Business Structures Businesses Government Tribes
Indian Country No Property Tax y Minimal State Regulation Minimal State Regulation Unique Incentives
Tax Advantages � Tribal Enterprises Exempt from many State & Federal Taxes � Real Property Tax Exemption = Trust Status R l P t T E ti T t St t � Accelerated Depreciation � Indian Employment Tax Credit = Wages & Health Insurance � New Markets Tax Credits N M k t T C dit
Business Friendly Business Friendly Regulatory Market � Tribal Utility Divisions • Federal Environmental Regulations � Structured Business Laws � Structured Business Laws • Liability Limitations • Tribal Commercial Code T ib l C i l C d
“Tribal Trust Land Advantages”
CHILOCCO, OKLAHOMA OKLAHOMA KANSAS Chilocco BORDER Ponca Ponca City
Tribal Financial Opportunities Tribal Financial Opportunities For Developing Energy Projects � Clean Renewable Energy Bonds (CREBS) � Tax Exempt Bond Financing � Tax Exempt Bond Financing � Federal Set-Asides for Technical & � Federal Set Asides for Technical & Infrastructure Development � Community Development Financing Institutions (CDFI) Revolving Loan Fund
CREBS Funds & Issuance CREBS Funds & Issuance Last Cycle General Governmental Borrowers ($263 Million) • 275 Projects in 28 States • Ranges from $15,000 to $2.95 Million Ranges from $15 000 to $2 95 Million • 138 Solar, 88 Wind, 41 Landfill/Gas, 12 Hydro Cooperative Borrowers ($143 Million) • 28 Projects in 13 States • Ranges from $300,000 to $30 Million f $ $ • 14 Wind, 4 Landfill/Gas, 6 Hydro, 1 Solar
Public Sector Public Sector Incentive Programs � No Bid Federal Contracts = Small Business N Bid F d l C S ll B i Administration 8(a) Status • No Pass Through Tax Liability • Increased Contract Reimbursement � HubZone Programs • USDA Contract Preferences • HUD Contract Preferences � Foreign Trade Zones • Reduce US Customs Duties Reduce US Customs Duties • No Ad Valorem Tax on Personal Property • Avoid Customs Processing Fees
The Future Is Now Carbon Sequestration Incentives Renewable Portfolio Standards Green Credit Trading Transmission Line Upgrades
CONTACT INFORMATION Kennis M. Bellmard, II , Mobile Phone: (405) 365-8900 Robert “Bud” Scott Mobile Phone: (405) 445-9435
Recommend
More recommend