Signed by Governor Mary Fallin

Vote Smart's Synopsis:

Vote to concur with Senate amendments and pass a bill that transfers authority of compressed natural gas administration to the Department of Labor.

Highlights:

• Requires all administration and operations relating to compressed natural gas fueling stations, natural gas fueling stations, and the Alternative Fuels Technician Certification Act to be placed under the authority of the Department of Labor (Sec. 1).

• Establishes the “Compressed Natural Gas Conversion Safety and Regulation Fund”, and requires all funds accrued to the credit of the Fund to be expended by the Department of Labor to inspect, regulate, and enforce safety regulations of the conversion of motor vehicles for operation on compressed natural gas (Sec. 13).

• Reduces the one-time tax credit against an individual for investments in qualified clean-burning motor vehicle fuel property placed in service after December 31, 1990 from 50 percent to 45 percent (Sec. 12).

• Requires the Tax Commission to calculate an amount that equals 5 percent of the cost of qualified clean-burning motor vehicle fuel property each fiscal year, and requires the Commission to transfer that amount to the Compressed Natural Gas Conversion Safety and Regulation Fund (Sec. 12).

Full Bill Text