© 2024 KGOU
News and Music for Oklahoma
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

State Senate Passes Wind Farm Incentive Cut

A wind farm in Ellis County in western Oklahoma.
Logan Layden
/
StateImpact Oklahoma

Measures that would modify tax incentives for future wind farms in Oklahoma have been approved by the state Senate.

The Senate passed two measures by Republican Sen. Mike Mazzei of Tulsa in separate 45-0 votes Tuesday and sent them to the House for consideration.

State budget officials have said generous tax incentives, credits and deductions granted over the years to stimulate business and industry in the state are one reason Oklahoma is facing a $611 million budget shortfall for the fiscal year that begins July 1.

One measure will change the tax exemption for wind manufacturing that requires specific job creation to qualify. The other reduces zero emissions tax credits over five years and sets a $6 million statewide cap.

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.
More News
Support nonprofit, public service journalism you trust. Give now.