28 Feb '17, 4pm

How would Oklahoma's proposed anti-#wind tax affect the state's #windpower industry?

How would Oklahoma's proposed anti-#wind tax affect the state's #windpower industry?

Gov. Mary Fallin, R-Okla., recently released her proposed 2018 executive budget, which includes two new anti-wind tax proposals. The first proposal would end the zero-emission tax credit for wind facilities placed in service after 2017. The second proposal would begin taxing the production of wind energy at $0.005/kWh produced. Oklahoma is facing a budget shortfall that has been projected to be nearly $900 million. One of the primary causes of the revenue shortfall is less tax revenue due to low oil prices and an increase in wind energy production, resulting in greater tax credits. Fallin’s tax proposals would reduce the number of tax credits available for wind energy production and increase revenue by imposing a new production tax of electricity generated by wind. Under current law, Oklahoma grants a $0.0050/kWh tax credit for electricity generated by zero-emission facili...

Full article: http://nawindpower.com/how-would-oklahomas-anti-wind-tax-...

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