Bill > HB1452

This bill establishes the Green Energy Subsidy Recapture Tax Act, which imposes a tax on electricity production from zero-emission facilities (including wind, solar, geothermal, and hydroelectric power) equal to the amount of the federal production tax credit that could be claimed for such electricity. The bill defines key terms like "government entity" and "owner," and specifies that the tax applies to private entities producing electricity, but not to government entities. Owners of zero-emission facilities must report and pay the tax by the 15th of each month, with the Oklahoma Tax Commission developing an electronic reporting system. The tax will be considered delinquent if not paid by the 15th day of the month following the reporting period. The primary purpose of the bill is to generate revenue for general government functions, and all revenue collected will be apportioned to the General Revenue Fund. Notably, the tax is imposed regardless of whether the facility actually claimed the federal tax credit, and the bill is set to become effective on October 1, 2025.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1452&Session=2600