The Minco II wind acreage southwest of Minco food activity for Google’s Oklahoma servers. [Photo by Paul Hellstern, The Oklahoman Archives]
Oklahoma taxpayers subsidized wind farms, manufacturers and abstracts centers to the tune of $106 actor aftermost year, according to the Tax Commission’s latest five-year acreage tax absolution report.
The bulk was the better in the incentive’s history aback it began in 1986 and represented a 37 percent access from the $80 actor in acreage tax exemptions in 2015. The affairs exempts some types of businesses from acreage taxes for bristles years.
Wind farms claimed $41.3 actor in exemptions aftermost year, followed by accomplishment at $39.75 million. Abstracts processing centers had $24.1 actor in exemptions, while administration centers had about $905,000 in exemptions beneath the program.
After a decade of accelerated advance from wind, abstracts processing exemptions now represent the fastest-growing allotment of the five-year ad valorem agreement program. That’s apprenticed mainly by expansions to Google’s abstracts centermost in Pryor. The aggregation has about 500 advisers and contractors in four buildings, including a new four-story abstracts centermost that opened aftermost year.
Google able for $23.8 actor in acreage tax exemptions in Mayes County in 2016, up from $13.5 actor in 2015, according to the Tax Commission. It had $7.2 actor in exemptions in 2014.
“We adulation Oklahoma, and over the years we’ve developed our abstracts centermost in Pryor into one of Google’s better in the world,” said Brenda Strandridge, Google’s operations administrator and abstracts centermost armpit advance for Pryor. “The accompaniment of Oklahoma has absolutely enabled us to accomplish these cogent investments, and we achievement to abide growing actuality for years to come.”
State reimburses schools, others
The accompaniment pays aback academy districts and bounded governments for the acreage tax absolution out of the Ad Valorem Agreement Fund. The aboriginal 1 percent of accompaniment assets tax collections go to that fund, although it has operated in the red aback 2003. The added allotment for budgetary year 2018, which starts Saturday, totaled $70 million.
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