OK SB1338

Removes the January 1, 2020 expiration date for income tax credits on investments in qualified clean-burning motor vehicle fuel property (compressed natural gas, liquefied natural gas, liquefied petroleum gas vehicles and fueling infrastructure)

Credit amounts: 45% of cost for vehicle conversion equipment or factory-equipped alternative fuel vehicles; 75% per-location for commercial fueling infrastructure; 50% or up to $2,500 for home natural gas compression equipment

Prohibits credits for activities occurring on or after January 1, 2018 unless the Legislature reauthorizes the program following evaluation by the Incentive Evaluation Commission

Unused credits may be carried forward for up to 5 years against future income tax liability

Effective date: November 1, 2016