OKLAHOMA CITY (AP) — Gov. Mary Fallin has signed six bills into law, including two measures aimed at altering tax incentives and credits for the Oklahoma wind energy industry.
One bill phases out the current property tax exemption for wind facilities. The other makes wind facilities ineligible for a job creation tax credit currently offered by the state. A zero emissions tax credit currently available to the wind industry will remain in place.
Fallin said Wednesday that phasing out some wind energy tax credits will reduce the burden on the state while still ensuring Oklahoma’s wind energy industry continues to grow and thrive.
The governor says Oklahoma’s wind industry is among the strongest in the nation but no longer needs the same state support.
Senate Bill 498: http://bit.ly/1xbE6Z6
Senate Bill 502: http://bit.ly/1cwifrv
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