Property Tax Exemption for Wind Generators (Oklahoma)

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Summary

Last modified on December 17, 2014.

Financial Incentive Program

Place Oklahoma

Name Property Tax Exemption for Wind Generators
Incentive Type Property Tax Incentive
Applicable Sector Commercial
Eligible Technologies Wind
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount 100% exemption for 5 years






Equipment Requirements NACIS 221119 system required



















Program Administrator Oklahoma Tax Commission
Website http://www.oktax.state.ok.us/
Date added to DSIRE 2011-11-04
Last DSIRE Review 2014-08-13



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

Oklahoma offers a 5-year ad valorem property tax exemption for certain wind-power generators.


Manufacturing facilities (broadly defined as “facilities engaged in the mechanical or chemical transformation of materials or substances into new products”) are eligible for the property tax exemption if there is a net increase in annualized payroll of at least $250,000 in counties with a population of 75,000 or less or at least $1,000,000 if the facility is located in a county with a population of 75,000 or more. However, wind-power generators are specifically exempt in the statute from these payroll requirements if there is a net increase in annualized payroll at the facility of at least $250,000 or a net increase of $2,000,000 or more in capital improvements while maintaining or increasing payroll.


More information on the wind-power generator ad valorem property tax exemption can be found through the Oklahoma Tax Commission.


Incentive Contact

Department Oklahoma Tax Commission

Address Post Office Box 26800

Place Oklahoma City, Oklahoma
Zip/Postal Code 73126-0800
Phone (405) 521-3133


Email helpmaster@oktax.state.ok.
Website http://www.oktax.state.ok.us.
     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: Oklahoma Ad Valorem Tax Laws




Authority 2: 68 O.S. § 2902(C)(8)




















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"