Bill
Bill > HB1205
summary
Introduced
02/03/2025
02/03/2025
In Committee
04/07/2025
04/07/2025
Crossed Over
03/13/2025
03/13/2025
Passed
05/05/2025
05/05/2025
Dead
Signed/Enacted/Adopted
05/12/2025
05/12/2025
Introduced Session
2025 Regular Session
Bill Summary
An Act relating to revenue and taxation; repealing 68 O.S. 2021, Section 2357.32B; and providing an effective date. SUBJECT: Revenue and taxation
AI Summary
This bill repeals Section 2357.32B of Title 68 of the Oklahoma Statutes from the 2021 edition, which appears to be related to a small wind turbine tax credit. By removing this section of law, the bill effectively eliminates the existing tax credit for small wind turbines, meaning that businesses or individuals who previously could claim a tax credit for installing small wind turbine systems will no longer be able to do so. The bill is set to become effective on November 1, 2025, providing a significant lead time before the tax credit is eliminated. The legislation follows the standard legislative process, having been passed by the Oklahoma House of Representatives on March 12, 2025, and by the Senate on May 1, 2025, with provisions for gubernatorial approval and filing with the Secretary of State.
Committee Categories
Budget and Finance
Sponsors (8)
David Bullard (R)*,
Cody Maynard (R)*,
Brian Guthrie (R),
Warren Hamilton (R),
Neil Hays (R),
Shane Jett (R),
Kendal Sacchieri (R),
Lisa Standridge (R),
Last Action
Approved by Governor 05/09/2025 (on 05/12/2025)
Official Document
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