The senate finance committee on Tuesday considered the impact on Oklahoma's economy of tax credits and incentives for the wind power industry. The Oklahoma Tax Commission estimates the total cost of credits and incentives over the next four years will cost the state more than 290 million dollars in tax revenue.
Supporters of the credit, including Jeff Clark, executive director of the Wind Coalition, argue the incentives are a good investment, creating jobs and fueling the economy.
Opponents, such as Rick Mosier of Oklahoma Property Rights Association, question whether the benefits have been overstated, and whether the state can afford to continue offering the incentives.
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