OK SB82

Amends Oklahoma tax law to extend the historic rehabilitation tax credit through June 30, 2018, allowing credits equal to 100% of the federal rehabilitation credit under Section 47 of the federal tax code.

Permits unused credits to be carried forward for up to 10 years and transferred to subsequent parties within 5 years of qualification, with transferor remaining liable for disallowed credits.

Requires rehabilitation work to be reviewed by the State Historic Preservation Office and certified by the National Park Service; eligible structures include historic hotels, newspaper plants, and buildings in certified historic districts.

Suspends new credit claims from July 1, 2010 through June 30, 2012, with credits accrued during this period unavailable before January 1, 2012.

Requires Oklahoma Legislature to reauthorize the credit after July 1, 2018 following review of a required report before any further credits may be allowed; bill's effectiveness is contingent on Senate Bill No. 72 becoming law.