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Oklahoma House agrees to eliminate wind energy tax credit 

Credit:  Associated Press | April 16, 2015 | www.enidnews.com ~~

Oklahoma’s wind energy industry could no longer claim a five-year exemption from ad valorem taxes under legislation advanced by the Oklahoma House.

House members voted 78-3 for the measure Thursday and sent it to the Senate for more work.

The measure, Senate Bill 498, prohibits wind electricity manufacturers from claiming a state tax exemption for equipment placed in commercial operation after 2016.

The state Tax Commission says the measure will reduce wind-power tax reimbursements by local governing bodies by about $50 million as projects complete their exemption period and no new projects are added.

House members approved an amendment to name the measure after the late Rep. David Dank of Oklahoma City, who died on April 10. Dank originally proposed elimination of the wind energy tax credit.

Source:  Associated Press | April 16, 2015 | www.enidnews.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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