Sen. Mike Schulz
Oklahoma Senate approves earlier sunset of wind tax credit
Senate President Pro Tempore Mike
Schulz released the following statement after the Senate approved
HB 2298, which moves up the sunset date of the zero-emissions
tax credit to July 1, 2017.
“The zero-emissions tax credit did what it was supposed
to do—help the wind industry get off the ground in Oklahoma.
Our state ranks third in the nation in terms of wind power and
will likely remain among the leaders in wind power for the foreseeable
future. The state is facing extraordinary budget challenges, and
we can no longer afford the zero-emissions tax credit. This measure
provides certainty to the wind industry and stability in the long-term
for the state budget. I appreciate my Senate colleagues for overwhelmingly
approving this measure.”
HB 2298, authored by Schulz, R-Altus, and House Speaker Charles
McCall, R-Atoka, passed the Senate by a vote of 40-3. The bill
now goes to the governor’s desk for consideration.
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