Library filed under Taxes & Subsidies from Oklahoma

Assessment upheld in wind farm hearing

[T]he initial assessment for their property was valued at around $187 million which the company is required to pay taxes on to the county. Following an informal protest a second assessment to about $177 million. Now the company is asking for the value to be lowered to around $60 million. ...The Excise Board ruled against Taloga Wind and upheld the second assessment.
28 Jul 2017

The coming threat from US wind states

Events in Oklahoma have raised concerns over states’ readiness to continue subsidy support in an era of budget cutbacks and fiscal constraints, while potential trouble is also brewing in California, Iowa and Texas, suggesting that the industry’s ability to lobby effectively on crucial issues will soon be put to the test.
10 May 2017

Wind companies should pay sales tax

A simple way to make up some of that shortfall is for wind developers to pay sales tax on their purchases, just like nearly everyone else in Oklahoma. Each new wind turbine, which is manufactured somewhere else and shipped into Oklahoma, could net the state about $90,000 in sales tax revenue.
7 May 2017

Frank Keating: I signed wind industry tax breaks, and I was wrong

Signing this legislation was simply a mistake. What was promised to cost the state less than $2 million annually when I was in office has soared to $113 million for the 2014 tax year and is expected to cost billions in the future. Wind farms average 10 percent to 13 permanent jobs, which hardly lives up to the promised employment growth. ...As your former governor and a proud citizen of Oklahoma, I encourage us all to work together to end this subsidy no later than July 1, 2017.
24 Feb 2017

Oklahoma wind energy tax credit bills moved to House Appropriations Committee

State Rep. David Brumbaugh, author of House Bill 2246, said the cost is much more than officials first had in mind when they created the credit. He also said that wind generation has exceeded the goal set by former Gov. Brad Henry that renewable energy should make up 15 percent of the state's power generation by the year 2015. It's now at 20 percent, Brumbaugh said.
24 Feb 2017

Gov. Mary Fallin proposes tax on Oklahoma wind production

Oklahoma would become the second state to impose a tax on wind power, and its tax would be the nation's highest, under a proposal announced Monday by Gov. Mary Fallin. In her executive budget, Fallin proposed a 0.5 cent per kilowatt hour tax on electricity from wind generation. She also wants to sunset existing tax incentives for the wind industry earlier than planned.
7 Feb 2017

Senator Mazzei’s report blasts state wind farm credits

Outgoing Senate Finance Chairman Mike Mazzei addressed the Incentive Evaluation Commission recently in support of a report that examined the cost versus benefits of the state’s Zero Emission Facility tax credit.   The PFM consulting group determined the cost significantly exceeds the benefits of the program, and recommends that the credit termination date should be accelerated.
24 Nov 2016

Lid blown off wind subsidies

Thankfully, the lid has been blown off Oklahoma’s previously well-hidden wind subsidies. Projections that the Windfall Coalition and others provided to legislators over the past year are now being realized. With another budget shortfall looming over our state, legislators can no longer ignore the glaring deficit being largely driven by Oklahoma’s wind giveaway.
17 Jun 2016

Corporate tax is big loser for Oklahoma in May

"Conventional wisdom says general revenue collections should rebound when oil stabilizes, but the reality is any rebound will be significantly hamstrung by wind incentives without legislative action. The revenue erosion wind incentives caused in May will be the new normal for years unless legislators act," Doerflinger said.
15 Jun 2016

http://www.windaction.org/posts?location=Oklahoma&p=2&topic=Taxes+%26+Subsidies
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