Oklahoma Senate panel approves rolling back wind tax credit - KSWO 7News | Breaking News, Weather and Sports

Oklahoma Senate panel approves rolling back wind tax credit

(Source KSWO) (Source KSWO)

OKLAHOMA CITY (AP) - 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.

House Bill 2298: http://bit.ly/2n4j7gg

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Local NewsNewsMore>>

  • Compulsive video-game playing could be mental health problem

    Compulsive video-game playing could be mental health problem

    Monday, June 18 2018 5:20 AM EDT2018-06-18 09:20:00 GMT
    Monday, June 18 2018 3:20 PM EDT2018-06-18 19:20:33 GMT
    In its latest revision to an international disease classification manual, the U.N. health agency said Monday that classifying "Gaming Disorder" as a separate condition will 'serve a public health purpose for countries.' (Source: Pixabay)In its latest revision to an international disease classification manual, the U.N. health agency said Monday that classifying "Gaming Disorder" as a separate condition will 'serve a public health purpose for countries.' (Source: Pixabay)

    The World Health Organization says that compulsively playing video games now qualifies as a new mental health condition, in a move that some critics warn may risk stigmatizing its young players.

    The World Health Organization says that compulsively playing video games now qualifies as a new mental health condition, in a move that some critics warn may risk stigmatizing its young players.

  • Dunkin' Donuts store: No 'shouting in language other than English'

    Dunkin' Donuts store: No 'shouting in language other than English'

    Monday, June 18 2018 3:16 PM EDT2018-06-18 19:16:00 GMT
    Monday, June 18 2018 3:16 PM EDT2018-06-18 19:16:00 GMT
    The sign requesting customers to report non-English shouting appeared in the window of a Baltimore Dunkin’ Donuts. (Source: Dunkin’ Donuts, file)The sign requesting customers to report non-English shouting appeared in the window of a Baltimore Dunkin’ Donuts. (Source: Dunkin’ Donuts, file)

    The sign requesting customers to report non-English shouting appeared in the window of a Baltimore Dunkin’ Donuts.

    The sign requesting customers to report non-English shouting appeared in the window of a Baltimore Dunkin’ Donuts.

  • Trump digs in on immigration amid family separation crisis

    Trump digs in on immigration amid family separation crisis

    Monday, June 18 2018 4:20 AM EDT2018-06-18 08:20:01 GMT
    Monday, June 18 2018 3:11 PM EDT2018-06-18 19:11:57 GMT
    (Butch Comegys/The Times-Tribune via AP). U.S. Attorney General Jeff Sessions speaks on immigration policy and law enforcement actions at Lackawanna College in downtown Scranton, Pa., on Friday, June 15, 2018.(Butch Comegys/The Times-Tribune via AP). U.S. Attorney General Jeff Sessions speaks on immigration policy and law enforcement actions at Lackawanna College in downtown Scranton, Pa., on Friday, June 15, 2018.

    Nearly 2,000 children were separated from their families over a six-week period in April and May after Attorney General Jeff Sessions announced a new "zero-tolerance" policy that refers all cases of illegal entry for criminal prosecution.

    Nearly 2,000 children were separated from their families over a six-week period in April and May after Attorney General Jeff Sessions announced a new "zero-tolerance" policy that refers all cases of illegal entry for criminal prosecution.

Powered by Frankly