OK HB2298

Extends the deadline for wind energy facilities to qualify for zero-emission electricity tax credits from January 1, 2021 to July 1, 2017, allowing wind facilities placed in operation not later than July 1, 2017 to receive $0.0050 per kilowatt-hour credit.

Modifies the definition of "electricity generated by zero-emission facilities" to specify that wind facilities must be placed in operation not later than July 1, 2017 to qualify for the tax credit program.

Maintains existing tax credit amounts for zero-emission facilities: $0.0075 per kilowatt-hour (2003-2004), $0.0050 per kilowatt-hour (2004-2007 and 2007 onward), and $0.0025 per kilowatt-hour (2007-2012).

Allows taxpayers to claim credits during a ten-year period following facility placement in operation, with unused credits eligible for 85% refund for credits generated after January 1, 2014, or carryforward for earlier credits.

Takes effect July 1, 2017, with an emergency declaration for immediate implementation.