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.
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