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Oklahoma House Approves Bill to Reduce Time Frame for Wind Tax Credit Eligibility
Renewable Energy World: The Oklahoma House of Representatives on March 9 passed by a vote of 74-24 a bill that would reduce the time frame in which wind power projects can qualify for the state’s clean energy tax credit.
The Senate now will consider the bill.
Oklahoma Gov. Mary Fallin in her 2018 Executive Budget proposed ending the state’s zero-emissions tax credit for wind.
Rep. Charles McCall, R-Atoka, introduced H.B. 2298 in early February. The bill changes the date wind facilities must be placed in service to qualify for the tax credit from Jan. 1, 2021, to July 1, 2017, according to the bill text.
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