Wednesday, July 02, 2008

Ottawa Approves Plasco Tax Break

Ottawa city committee endorsed a property tax exemption for Plasco Energy.

The company is running a test waste-to-energy plant on city property at the municipally owned Trail Rd landfill, and the municipality is a partner of the company's. The city has an agreement with the company stating its garbage disposal technology, which eliminates the need for new landfills, will be used to handle all city garbage if the company wins approval from the province's environment ministry.

Plasco officials requested to be exempted from paying property taxes of about $72,000 per year. The exemption will be before city council next week for final approval.

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