Showing posts with label Tax Credit Renewable Energy Credit. Show all posts
Showing posts with label Tax Credit Renewable Energy Credit. Show all posts

January 20, 2018

Bill Would Eliminate Renewable Energy Credit in Oklahoma

Proponents of renewable energy are disappointed in a bill introduced recently by a Cleveland County state representative.

Rep. Bobby Cleveland, R-Slaughterville, introduced House Bill 2908 this week to halt tax incentives for renewable resources, specifically wind power.

Cleveland’s bill would repeal Senate Bill 440, which was signed into law in 2001. At the time, SB 440 allowed zero-emission energy facilities to collect tax credits beginning in 2003. Legislation signed into law last spring created an early sunset to that tax credit, requiring wind farms to be operational by July 2017 to qualify for the state’s Zero Emission Tax Credit.