TULSA, Okla. (AP) — Oklahoma lawmakers are set to consider cutting wind tax credits as they look for a way to bring more money into the state.
The Tulsa World reports that a consulting group has made recommendations to the state's Incentive Evaluation Commission on several business incentives, including the zero-emissions tax credit. The tax credit applies to power generation facilities, like wind facilities, that don't generate emissions.
The consulting group says the tax credit is too generous and should either be capped or ended by 2018. The Tax Commission says the tax credit cost the state $59 million in 2014, the last year of available data.