OK SB1064

Amends Oklahoma income tax credits for contractors building energy efficient residential properties of 2,000 square feet or less, with credits up to $4,000 for homes 40%+ above International Energy Conservation Code 2003 standards, or up to $2,000 for homes 20-39% above standards

Eligible expenditures include energy efficient heating/cooling systems, insulation, exterior windows and doors, and Energy Star-certified metal roofs

Credits may be carried forward for up to four years if they exceed tax liability, and are freely transferable to subsequent parties

Adds new sunset provision terminating the credit for taxable years beginning on or after January 1, 2018, unless reauthorized by the Oklahoma Legislature following Incentive Evaluation Commission review

Effective date of November 1, 2016