Oklahoma to end tax credit that propelled wind production
April 16, 2017
OKLAHOMA CITY (AP) — A state tax credit that helped propel Oklahoma to third in the nation in its capacity to generate electricity from wind is coming to an end, but it will be years before state coffers see results of the change.
Gov. Mary Fallin on Monday signed legislation that rolls back a 10-year tax credit for electricity generated by zero-emission facilities that was launched in 2003.
Under the measure, zero-emission facilities must be operating by July 1 this year to qualify for the credit, instead of Jan. 1, 2021. It is one of several revenue proposals that Oklahoma lawmakers are...