Oklahoma House agrees to eliminate wind energy tax credit

Source: By Associated Press • Posted: Monday, April 20, 2015

 Business tax breaks

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.