The amount of wind energy has increased dramatically over the last decade, along with the number of wind farms around the country and in Oklahoma. The industry is building more turbines than it can maintain, officials say, and Oklahoma is working fast to fill the job gap. AUDIO BY LOGAN LAYDEN
Oklahoma has an array of tools to encourage economic development and business growth, the sum of which are generally refereed to as tax “incentives” or “breaks.” As we’ve learned from the ongoing tax credit task force meetings, Oklahoma’s incentives vary wildly in their use, accounting and oversight. Oklahoma’s major economic incentives fall into four functional [...]
The tax credit task force resumed its mission on Wednesday and examined a trio of tax breaks for Oklahoma’s energy industry. The first two, the Zero Emission Facility Tax Credit and the Small Wind Turbine Manufacturing Tax Credit, dealt with wind energy. The task force’s second session focused on the Coal Production Tax Credit. Beyond [...]
The impetus for Oklahoma’s tax credit task force — and much of the current debate about the state’s tax incentives — is rooted in a 2010 opinion by then-Attorney General Drew Edmondson. State Rep. David Dank (R-Oklahoma City), the task force’s co-chair, said the incentives discussed at Wednesday’s meeting were among those deemed “constitutionally infirm” [...]
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