Key legislators
Who's moving environment in Oklahoma
Showing 51–56 of 56
bills
All environment bills
SB 568 requires Oklahoma state agencies and their investment managers to vote shares solely based on financial returns for pension beneficiaries, not social or environmental considerations. It prohibits following proxy adviser recommendations unless those advisers commit in writing to prioritize financial interests. Agencies must annually report all proxy votes - including management and adviser recommendations - to the State Treasurer via a public website. This applies to all state investments held for retirement plans, such as pension funds.
This Oklahoma bill creates a tax credit program to encourage converting old, vacant buildings into housing. Property owners can claim up to 50% of qualified costs (like environmental cleanup, code upgrades, or system repairs) for adaptive reuse projects on structures at least 30 years old that have been vacant or underutilized (with rent below 50% of market rate). The program has a $5 million annual cap on approved credits, with unused funds carried forward to future years. Credits cannot reduce tax liability below zero but may be carried forward for up to 10 years. The Oklahoma Department of Commerce and Tax Commission will administer the program and prioritize projects based on local housing needs.
SB 475 requires the Oklahoma Tax Commission to verify whether taxpayers have claimed a specific income tax credit for clean-burning motor fuel property investments when requested. This bill amends existing tax law (68 O.S. § 2357.22) to update verification procedures for the one-time credit against income tax for qualified clean-burning motor fuel vehicle investments. The change affects taxpayers claiming this credit and streamlines the Tax Commission’s process to prevent duplicate claims. It modifies confidentiality rules (68 O.S. § 205) to allow this verification without compromising other protected tax records. The bill focuses on administrative accuracy for an existing credit, not new tax benefits.
SB 239 modifies Oklahoma's tax credit for electricity generated by zero-emission facilities (like wind, solar, hydro, or geothermal power plants). It limits the credit to tax years ending by 2025, ending the ability to carry forward unused credits beyond that year. For credits claimed after July 2019, taxpayers must choose between receiving an 85% direct refund or carrying the credit forward for up to 10 years (ending in 2025). This bill directly affects businesses and entities generating eligible renewable electricity in Oklahoma, altering how they can use or access these tax credits.
SB 265 creates the Oklahoma Water Infrastructure Loan Program and Revolving Fund to provide low-interest loans for water system improvements. It directly affects municipalities and water districts by enabling them to access funding for projects like upgrading pipes, treatment facilities, or water supply systems. The bill establishes a revolving fund that replenishes as loans are repaid, ensuring ongoing availability of capital. The "Emergency" designation indicates it aims for rapid implementation to address urgent water infrastructure needs.
SB 621 exempts municipal waste incinerators already regulated under federal rules (40 C.F.R. Part 60 Subpart Eb) and Oklahoma's Department of Environmental Quality from future state regulations covering specific waste types, including biomedical, hospital, commercial, and industrial waste incineration. The bill directly affects waste management facilities operating under existing federal and state oversight. It prevents the Department of Environmental Quality from imposing additional state rules on these facilities for the listed waste streams. The bill was introduced as an emergency measure to take immediate effect upon passage.
