Oklahoma

Environment, Education, Energy: Policy to People

‘Oklahoma Governor to Decide Fate of Wind Energy Tax Credits’

A bill that brings an early end to the last major tax incentive for the wind industry has cleared its last legislative hurdle and now awaits Gov. Mary Fallin’s signature.

Oklahoma governor to decide fate of wind energy tax credits

Leadership in both chambers have praised the bill, citing it as one way the state can reclaim revenue in future budget years. Oklahoma law allows owners of wind turbines that begin operation before 2021 to claim a credit on the income earned from energy production. HB 2298 would end the credit July 1 …

… Jeffrey Clark, president of The Wind Coalition, said the wind industry wanted to talk more about the end date. Still, he said, the coalition has worked with Oklahoma lawmakers since 2014 to roll back tax incentives.

 


StateImpact Oklahoma is a partnership among Oklahoma’s public radio stations and relies on contributions from readers and listeners to fulfill its mission of public service to Oklahoma and beyond. Donate online.

Comments

  • stephan011

    It is outrageous that wind is being targeted, and not oil and gas. If the legislature wants to end tax credits out of principle or need, fine, but then don’t favor the fossil fuel industry.

    It’s perverse to target a industry creating thousands of jobs for Oklahoma, lease payments for farmers and tax revenues for local governments across the state, producing clean power.

    Meanwhile leaving tax breaks in place for the fossile fuel industry which produces air and water pollution, causing health damage and environmental degredation..

  • RGH

    Nearly all wind jobs are temporary! Besides what’s to keep the wind mills owners from turning them off, once their Special tax exempt expires? None of their savings are here in Oklahoma, they have no interest in our state, other to bleed us dry! And i heard oil is getting another look as a increase in taxes because of local independence ask our governor for an increase! Doesn’t wind owners want well educational students, in Oklahoma, to work on their mills? Our schools and nearly everything else need the money!
    Please be a friend of OKlahoma and support our state!

About StateImpact

StateImpact seeks to inform and engage local communities with broadcast and online news focused on how state government decisions affect your lives.
Learn More »

Economy
Education