Oklahoma House Unanimously Approves Bill Reducing Wind Industry Subsidies
The Oklahoma House of Representatives on Monday voted 89-0 to approve proposed legislation that would significantly reduce the amount of tax incentives paid to the wind industry.
From the Associated Press:
Sears said the bill in its current form would reduce by about 70 percent the amount of tax credits wind producers receive, although he acknowledged discussions with the industry are ongoing on the final amount. The credits are paid based on the amount of electricity produced by the facilities.
HB 1554 now heads to the full Senate for consideration.