Tax Credits

Larry Smith / Flickr

The Oklahoma House has approved legislation to roll back a state tax credit for the wind energy industry.

The House passed the bill Thursday by a vote of 74-24 and sent it to the Senate for consideration.

House Bill 2298 modifies the tax credit for electricity generated by zero-emission facilities like wind turbines. It says facilities must be in operation by July 1 in order to qualify for the credit, instead of the current deadline of Jan. 1, 2021.

President Trump has indicated several times now that his education agenda may feature a school choice program known as tax credit scholarships.

Joe Wertz / StateImpact Oklahoma

An organization opposed to wind powerincentives says payouts could total $5.2 billion by 2030 if Oklahoma’s zero-emissions tax credit continues, “an amount the wind industry said is highly inflated,” The Oklahoman’s Paul Monies reports:

Logan Layden / StateImpact Oklahoma

The latest update of the National Register of Historic Places includes the kinds of Oklahoma buildings you’d expect to be on such a list: a school in Atoka built for black students during the New Deal era, a church in Garfield County barely altered since its construction in 1928, a hotel in Guymon that’s been the tallest building in town for nearly 70 years.

Oklahoma legislators are considering eliminating some tax credits and incentives for businesses to help plug a $1.3 billion budget gap. The state’s fiscal crisis has led some oil and gas leaders to push lawmakers to end incentives for the wind industry.

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