OK SB1138

Removes sunset dates from 10 Oklahoma tax credit programs, allowing them to continue indefinitely unless the Legislature reauthorizes them after evaluation by the Incentive Evaluation Commission

Affected tax credits include: Oklahoma-mined coal purchase/production, clean-burning motor vehicle fuel property investments, child care provider expenses, zero-emission electricity generation, and workplace modification for injured workers

Aerospace industry credits covered include: tuition reimbursement to aerospace employees, compensation paid to aerospace employees, and aerospace employee income tax credits

Additional credits affected: electronic funds transfer fees and income from Rural Economic Development Loan Act participation

All 10 tax credits would be discontinued on or after January 1, 2018 unless reauthorized by the Oklahoma Legislature following review by the Incentive Evaluation Commission