Liberal, KS

Now: 88 °F

Currently: Fair

Hi: 90 °F | Lo: 59 °F

Sunday

Hi: 79 °F 

Lo: 52 °F

Monday

Hi: 87 °F 

Lo: 63 °F

Tuesday

Hi: 88 °F 

Lo: 61 °F

Wednesday

Hi: 85 °F 

Lo: 57 °F

Thursday

Hi: 85 °F 

Lo: 62 °F

Wind Tax Credit Rollback Passes Senate Panel In Oklahoma

Joe Denoyer - March 29, 2017 3:16 pm

Legislation that rolls back a state tax credit for the wind energy industry has been approved by an Oklahoma Senate panel.

The Senate Committee on Appropriations on Wednesday voted 34-6 for the House-passed measure and sent it to the full Senate for consideration.

The bill modifies the tax credit for electricity generated by zero-emission facilities like wind turbines. It says facilities must be in operation by July 1 in order to qualify for the credit, instead of the current deadline of Jan. 1, 2021.

Gov. Mary Fallin has proposed eliminating the credit to increase revenue amid a projected $868 million budget shortfall next year. The tax credit will cost $40 million this year and will average $60 million a year over the next 15 years.

 

Latest Stories

Accident Causes Minor Injuries

On Thursday, September 19, 2019 at about 8:05 a.m., officers responded to the intersection of 15th...

Duck Festival, Chili and Soup Cook-Off This Weekend

The Liberal Chamber of Commerce will host their annual “Duck Festival” Saturday at Light Park in...

Oklahoma Panhandle Partners Annual Event Coming Up

The Oklahoma Panhandle Partners 7th Annual Fall Membership “Rhinestones N Rawhide” Fund Raising Party will be...