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SB 99

Income tax credit; reauthorizing credit for construction of energy efficient property for certain tax years. Effective date.

2026 Regular Session Introduced by Mary Boren

Oklahoma reauthorizes income tax credit for energy-efficient property construction, extending tax breaks for builders and owners meeting efficiency standards.

Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee
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Bill Summary · SB 99

Legislative bill overview

SB 99 reauthorizes an expiring income tax credit that incentivizes construction of energy-efficient property in Oklahoma. The bill extends this tax benefit for specified tax years, allowing taxpayers who construct or substantially improve properties to meet energy efficiency standards to claim a credit against their state income tax liability.

Why is this important

Energy efficiency tax credits influence construction industry practices and residential/commercial property development patterns. The reauthorization determines whether Oklahoma continues incentivizing green building standards or allows the credit to lapse, affecting both the state's tax revenue and the competitiveness of energy-efficient construction projects.

Potential points of contention

  • Revenue impact: The bill reduces state tax collections during a period when the state may prioritize budget stability; supporters argue long-term energy savings offset the cost
  • Beneficiary scope: Questions about whether the credit primarily benefits higher-income taxpayers who can afford construction projects versus broader economic benefit
  • Credit design details: The bill text provided doesn't specify credit amounts, eligibility thresholds, or which efficiency standards qualify, leaving uncertainty about the actual fiscal and environmental impact

Compiled from official sources — confirm details with the bill’s official record.

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