For Immediate Release: Contact Jeff Angelo
Wednesday, March 1, 2006 (515) 281-3371
Senate Approves Angelo Bill to Help
Bring Ethanol Plant to Adams
County
Des
Moines – The Senate today unanimously
approved a bill sponsored by Sen. Jeff Angelo (R- Creston) to help Adams County
officials attract an ethanol plant to the area.
“The bill is good news for Southwest Iowa,” said Angelo.
The legislation specifies
that businesses located partially in enterprise zones would qualify for the tax
incentives available for that zone. The measure is a change from current
regulations that require a business’ entire physical location must be included
in the zone in order to qualify for benefits.
Angelo said a change is
needed so that the proposed “Pinnacle Ethanol” plant in Adams County
could qualify for state tax incentives.
The proposed plant would be located in an enterprise zone area; however,
part of the plant would be constructed outside of the designated enterprise
zone acres.
The Pinnacle Ethanol plant is
estimated to create 40 new jobs and an almost $1.9 million payroll in the
county.
“The change in law provides county leaders
with one more tool to use in attracting Pinnacle Ethanol to the area,” said
Angelo. “The new jobs and revenue
generated by the plant would help provide an economic boost to our area of the
state.”
The legislation now goes to
the House for consideration.
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