Signed by Governor Mary Fallin

Vote Smart's Synopsis:

Vote to concur with House amendments and pass a bill that amends the tax credits and caps on electric facilities that produce zero emissions.

Highlights:

• Defines “eligible renewable resource” as wind, water, sun, or geothermal energy (Sec. 1). 

• Limits the total amount of tax credits authorized for eligible renewable resources to $500,000 annually (Sec. 1). 

• Specifies that if the total tax credits authorized for eligible renewable resources exceeds $500,000 for any single year, the Tax Commission shall permit the excess and factor it into the percentage adjustment formula for subsequent years (Sec. 1).

• Specifies that any unused tax credits for eligible renewable resources may be carried over until such credits are fully used (Sec. 1).

Full Bill Text

Vote Smart's Synopsis:

A vote to pass a bill that amends the tax credits and caps on electric facilities that produce zero emissions.

Highlights:

Vote Smart staff and volunteers have provided this synopsis based on an initial review of the text and voting record of SB 893. We will continue to analyze the contents of this bill and will have more information available as soon as possible.

For further status information, email the Key Votes Department at votes@votesmart.org or call the Voter's Research Hotline at 1-888-VOTE-SMART (1-888-868-3762).

Full Bill Text