Oklahoma House votes to take away wind industry incentives

Source: By Associated Press • Posted: Thursday, April 26, 2018

OKLAHOMA CITY (AP) – The Oklahoma House has narrowly voted to take away millions of dollars’ worth of state incentives for the wind industry.

The House voted 51-46 on Wednesday to eliminate the refundability of tax credits the state currently offers for electricity produced by wind, beginning in 2019. The bill now heads to the full Senate for consideration.

The bill faced bipartisan opposition from members who argued the state used the tax incentives to encourage the industry to expand in Oklahoma and are now unfairly taking the incentives away.

As the number of wind farms has skyrocketed in Oklahoma, so too has the cost to the state’s treasury. The bill’s author, Republican Rep. Jeff Coody, says the state spent about $70 million on the incentives last year.