OK SB814

Amends Oklahoma's tax credit provision for electricity generated by zero-emission facilities (wind, solar, geothermal, and moving water) located in the state.

Requires the Oklahoma Tax Commission to file an annual report by December 1 each year to the Governor, President Pro Tempore of the Senate, and Speaker of the House detailing tax incentives for entities engaged in wind power generation.

Report must include for the previous five-year period: credits claimed and allowed, Ad Valorem Reimbursement Fund claims from exemptions, estimated jobs created and capital investment made in Oklahoma, and other relevant information.

Maintains existing tax credit structure with varying rates per kilowatt-hour based on facility placement date and electricity generation period, including refund provisions for unused credits at 85% of face value for credits generated on or after January 1, 2014.

Effective date: November 1, 2015.