OK House of Representatives Pass Wind Tax Bill - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

OK House of Representatives Pass Wind Tax Bill

Posted: Updated:
OKLAHOMA CITY -

A deal on taxing wind energy we first reported on last week has died, and lawmakers have since passed a more controversial wind energy bill.

Last week House Majority Leader John Echols (R)  told us republicans and democrats had reached a deal to tax wind energy based on output, similar to the way oil and natural gas are taxed.  Even wind energy companies were on board, but that plan fell through because there weren’t enough votes to pass it. 

The House passed a bill to remove the tax rebate wind energy currently gets. Opponents say backers crumbled to big oil, “Because that’s who runs this building is the oil and gas,” said Representative Matt Meredith (D) Tahlequah.

Senate Bill 888 would end the roughly 70-million refund wind energy gets each year from the state. 

Backers say it’s not fair that the state writes that check every year when the industry pays so little in state taxes. 

Opponents of the bill say, good or bad, that’s the deal the legislature signed on to.

“And if we now default on our legal agreement we will most definitely be facing not only a lawsuit but potentially facing a lawsuit that asks for damages in addition to the reversal of our decision,” said Representative Meloyde Blancett (D) Tulsa.

Representative Kevin Calvey (R) Edmond replied, “No.  The legislature absolutely can do this.  They can eliminate the refundability of a tax credit no problem”

The wind industry says the bill will hurt business because a lot of projects rely on the refund and could default on their loans.  The bill passes now heads to the senate. 

Live Radar

WARN Interactive

Featured

  • Business News

    Find news on Oklahoma's economy, local business, the banking industry and more.

  • Murrah Bombing Timeline

    Learn more about the events leading up to and following the bombing.

  • Your Vote Counts

    Hear both sides of Oklahoma politics with Your Vote Counts.

  • PoliticalMore>>

  • Giuliani advises no Mueller interview without informant info

    Giuliani advises no Mueller interview without informant info

    Sunday, May 27 2018 3:56 PM EDT2018-05-27 19:56:32 GMT
    President Donald Trump's attorney Rudy Giuliani says the president wants details on the classified information shared with lawmakers about the FBI investigation into Russian election meddling before deciding on an...More >>
    President Donald Trump's attorney Rudy Giuliani says the president wants details on the classified information shared with lawmakers about the FBI investigation into Russian election meddling before deciding on an interview with the special counsel.More >>
  • Man held in Venezuela for 2 years is welcomed home by Trump

    Man held in Venezuela for 2 years is welcomed home by Trump

    Sunday, May 27 2018 3:56 PM EDT2018-05-27 19:56:30 GMT
    (AP Photo/Alex Brandon). President Donald Trump, right, talks as Joshua Holt, who was recently released from a prison in Venezuela, joins him in the Oval Office of the White House, Saturday, May 26, 2018, in Washington.(AP Photo/Alex Brandon). President Donald Trump, right, talks as Joshua Holt, who was recently released from a prison in Venezuela, joins him in the Oval Office of the White House, Saturday, May 26, 2018, in Washington.
    American who had been jailed in Venezuela for nearly two years has returned to the United States.More >>
    American who had been jailed in Venezuela for nearly two years has returned to the United States.More >>
  • Montana Democrats sense a chance to capture US House seat

    Montana Democrats sense a chance to capture US House seat

    Sunday, May 27 2018 3:56 PM EDT2018-05-27 19:56:25 GMT
    (AP Photo/Matt Volz). In this May 3, 2018, photo five Democratic candidates for Montana's U.S. House seat from left, John Heenan, John Meyer, Jared Pettinato, Grant Kier and Kathleen Williams listen to a question during a candidate forum in Helena, Mont.(AP Photo/Matt Volz). In this May 3, 2018, photo five Democratic candidates for Montana's U.S. House seat from left, John Heenan, John Meyer, Jared Pettinato, Grant Kier and Kathleen Williams listen to a question during a candidate forum in Helena, Mont.
    Democrats seeking Montana's lone US House seat say they sense a real chance to win an office that's been in Republican hands for 21 years.More >>
    Democrats seeking Montana's lone US House seat say they sense a real chance to win an office that's been in Republican hands for 21 years.More >>
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.