OK SB1626

Amends 68 O.S. 2011, Section 2902 to limit wind power generation entities to receiving ad valorem tax exemptions only before January 1, 2015, eliminating future exemption eligibility for wind energy facilities after that date.

Maintains existing five-year exemption periods for qualifying manufacturing facilities that meet payroll and health benefits requirements, with exemptions beginning January 1 following initial use of the property.

Clarifies that manufacturing facilities must have net increases in annualized payroll of at least $250,000 (small counties) or $1,000,000 (larger counties) to qualify for exemptions, with certain historical exceptions for specific industries.

Applies effective date of November 1, 2014, for the amendments limiting wind power generation entity exemption eligibility.