OK SB1339

Removes existing sunset dates (ranging from 2017-2021) on ten Oklahoma tax credits and instead requires each credit to be reauthorized by the Legislature after evaluation by the Incentive Evaluation Commission before allowing credits for activities occurring on or after January 1, 2018

Affected tax credits include: Oklahoma-mined coal purchase/production ($2.00-$5.00 per ton), clean-burning motor vehicle fuel property investments (45-75% of cost), child care provider accreditation expenses (20% credit), and zero-emission electricity generation ($0.0025-$0.0075 per kilowatt-hour)

Aerospace industry credits subject to reauthorization include: employer tuition reimbursement for aerospace employees (50% of tuition), employer compensation credits (5-10% of wages, up to $12,500 annually), and employee tax credits (up to $5,000 per year for five years)

Additional credits requiring reauthorization: workers' compensation return-to-work wages (10% of wages, up to $5,000 per employee), workplace modification expenses for injured employees (50% of costs, up to $1,000), and electronic fund transfer fees paid by meat processors

Rural Economic Development Loan Act credit for banks (equal to taxable income received from qualifying loans, limited to 5% of certified annual payroll) also requires reauthorization after Incentive Evaluation Commission review